If Macaroni and Cheese Is an Inferior Good, an Increase

question 460

Multiple Choice

If macaroni and cheese is an inferior good, an increase in income will

• A) not affect the demand for macaroni and cheese.
• B) decrease the demand for macaroni and cheese.
• C) increase the demand for macaroni and cheese.
• D) create no income effect.

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A type of argument where, provided the premises are true, the conclusion necessarily follows and must be true as well, based on the logical structure of the argument.

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