Assume That Brand X Is an Inferior Good and Name

question 59

Multiple Choice

Assume that brand X is an inferior good and name brand Y is a normal good. An increase in consumer income, other things being equal, will cause a/an:

• A) upward movement along the demand curve for name brand Y.
• B) downward movement along the demand curve for brand X.
• C) rightward shift in the demand curve for brand X.
• D) leftward shift in the demand curve for brand X.

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Definitions:

Bed and Breakfast

A lodging establishment that offers overnight accommodation and breakfast, typically in a private home or small hotel.