Something Is an Inferior Good If the Demand for the Good

question 76

Multiple Choice

Something is an inferior good if the demand for the good

• A) increases as the consumer's income increases.
• B) increases as the consumer's income decreases.
• C) decreases as the price of a complement increases.
• D) decreases as the price of a substitute increases.
• E) decreases as the consumer's income decreases.

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Definitions:

Slander

The act of making false and damaging spoken statements about someone, leading to harming their reputation.

Libel

A published false statement that is damaging to a person's reputation; a written defamation.

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Defamation Actions

Legal claims brought for harm done to an individual's or entity’s reputation through false statements.