A Good Is Inferior for a Consumer If

question 45

Multiple Choice

A good is inferior for a consumer if

• A)its consumption rises when income rises.
• B)its consumption falls when income rises.
• C)the assumption of "more is always preferred to less" holds.
• D)some minimal level of the good must be consumed to assure the consumer's survival.
• E)it is never included in his or her consumption bundle.

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Definitions:

Sales Proposal

A written document designed to offer products or services to potential buyers, outlining the benefits, pricing, and terms of the sale to persuade the customer to make a purchase.

Incongruous

Incongruous refers to something that is not in harmony or keeping with the surroundings or other aspects of something, often leading to a sense of discrepancy or inconsistency.

Distorted

The term distorted describes something that has been twisted out of its original, true, or natural shape, often leading to a misrepresentation of reality.

Inadequate

Lacking the quality or quantity required; insufficient for a purpose.