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

question 64

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 and the equilibrium price rises;as a result, the equilibrium quantity decreases.