As Income Rises, the Demand for Hamburger (An Inferior Good)

question 30

Multiple Choice

As income rises, the demand for hamburger (an inferior good) _____, and the demand for steak (a normal good) ______.

• A) increases; decreases
• B) decreases; increases
• C) remains the same; increases
• D) increases; remains the same

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Definitions:

Telephone Skills

The ability to communicate effectively and courteously over the phone, important for providing quality customer service and handling inquiries.

Saying Words

The act of verbally articulating or pronouncing words.

Visual Signals

Forms of communication that involve the use of visual cues, such as signs, lights, or symbols, to convey messages.

Communicating by Telephone

The process of exchanging information or conveying messages through the medium of telephony, utilizing voice and/or digital signals.