If Macaroni and Cheese Is an Inferior Good, Then a Decrease

question 54

Multiple Choice

If macaroni and cheese is an inferior good, then a decrease in income results in

• A) a decrease in the demand for macaroni and cheese.
• B) a decrease in the supply of macaroni and cheese.
• C) an increase in the demand for macaroni and cheese.
• D) an increase in the supply of macaroni and cheese.
• E) Both answers A and D are correct.

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Definitions:

Dilute Acid

An acid solution that has a low concentration of acid in a large amount of solvent, typically water.

Malonic Ester

A compound characterized by having two ester groups attached to the same carbon, which is notable for its use in malonic ester synthesis, allowing the construction of carboxylic acids.

Major Organic Product

The primary product of a chemical reaction involving organic compounds, typically the one produced in the greatest yield.

Stepwise Mechanism

A reaction mechanism that occurs in multiple discrete stages, with each step having its own transition state and intermediates.