If the Demand Curve for an Inferior Good Is Drawn

question 56

Multiple Choice

If the demand curve for an inferior good is drawn,

• A)the curve will generally have a positive slope.
• B)the curve cannot be drawn; demand curves only exist for normal goods.
• C)the curve will generally have a negative slope.
• D)the curve will shift when the price of the good changes.

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Referent Power

A form of influence based on the attraction and admiration one has for an individual, leading to emulation.

Ethical Use

The responsible and morally correct utilization of resources, tools, or information, ensuring fairness, respect, and integrity in one’s actions.

Treat Fairly

The practice of acting in a just and unbiased manner towards individuals or groups.

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A form of influence derived from possessing knowledge or skills in a particular domain that others need or value.