If Potatoes Are Inferior Goods,which of the Following Will Increase

question 45

Multiple Choice

If potatoes are inferior goods,which of the following will increase the demand for these goods?

• A)Increase in the price of a complement
• B)Decrease in income
• C)Decrease in the price of a substitute
• D)Increase in income

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Definitions:

Digital Currencies

Electronic money that exists in a digital form, enabling instant transactions and borderless transfer-of-ownership.

Valueless

Lacking in value, importance, or utility; having no worth or significance.

Constant Value

A value that remains unchanged over a period of time, despite external factors or conditions that might otherwise cause variation.

Cryptocurrencies

Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate independently of a central authority, enabling secure, anonymous transactions.