A Good Is an Inferior Good If the Consumer Buys

question 68

Multiple Choice

A good is an inferior good if the consumer buys less of it when

• A)his income rises.
• B)the price of the good rises.
• C)he feels less well off.
• D)his income falls.

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Definitions:

Durham Rule

A legal standard used to determine criminal liability, stating a defendant is not responsible if an unlawful act is the product of mental disease or defect.

Antisocial Conduct

Behavior that is hostile, aggressive, or damaging to societal relationships and rules.

Mental Disorder

A condition characterized by disturbances in thought, behavior, or emotions, leading to significant distress or impairment.

Diminished Capacity

A legal defense where a defendant may acknowledge they committed a crime but argue that due to mental impairment, they should not be fully held responsible.