An Inferior Good Is a Good That

question 404

Multiple Choice

An inferior good is a good that

• A) is demanded by the average customer.
• B) is reliable.
• C) lasts a good length of time.
• D) has an income elasticity that is negative.

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Definitions:

Self-concept

The collection of beliefs about oneself, including attributes, roles, goals, and competencies.

Personality Disorder

A type of mental disorder characterized by a rigid and unhealthy pattern of thinking, functioning, and behaving.

Schizotypal Personality Disorder

A disorder characterized by severe social and interpersonal deficits, peculiar thoughts or behavior, and unconventional beliefs.

Oddities

Deviations from the normal or common order, form, or rule; unusual or peculiar phenomena or behaviors.