An Inferior Good Is a Good Whose Quantity Demanded

question 179

Multiple Choice

An inferior good is a good whose quantity demanded

• A)rises when its price falls.
• B)falls when the price of a related good falls.
• C)falls when the consumer's total utility rises.
• D)rises when the consumer's real income falls.

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Definitions:

Server

A computer system or software that provides services, data, or access to other computers (clients) over a network.

Workstation

A high-performance computer designed for technical or scientific applications, often used in a professional context.

Operating System

The core software that manages computer hardware and software resources, providing common services for computer programs.

Internet

A vast network of computers worldwide that allows for data exchange, communication, and access to web resources and services.