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:

Human Evolution

The lengthy process of change by which people originated from apelike ancestors, involving developments in physical, social, and cultural traits.

Deuterostomes

A major division of the animal kingdom in which the anus develops from the first opening in the embryo, followed by the mouth.

Echinoderms

Marine animals characterized by radial symmetry and a unique water vascular system, which includes species such as sea stars, sea urchins, and sea cucumbers.

Embryonic Stages

Phases of development that an embryo goes through from fertilization to birth.