If a Is an Inferior Good and Consumer Income Rises,the

question 182

Multiple Choice

If A is an inferior good and consumer income rises,the demand for A

• A)increases,and the equilibrium price and the equilibrium quantity increase.
• B)increases and the equilibrium price rises,but the equilibrium quantity decreases.
• C)decreases,and the equilibrium price and the equilibrium quantity decrease.
• D)decreases and the equilibrium price falls,but the equilibrium quantity increases.
• E)decreases,the equilibrium price rises,and the equilibrium quantity decreases.

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Definitions:

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