If Macaroni and Cheese Is an Inferior Good, an Increase

question 460

Multiple Choice

If macaroni and cheese is an inferior good, an increase in income will

• A) not affect the demand for macaroni and cheese.
• B) decrease the demand for macaroni and cheese.
• C) increase the demand for macaroni and cheese.
• D) create no income effect.

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Definitions:

Nervous Systems

The nervous system is the complex network of nerve tissue that controls activities within the body by transmitting electrical and chemical signals between different body parts.

Essential

Absolutely necessary or extremely important for a particular process, function, or survival.

Life

A characteristic that distinguishes physical entities with biological processes, such as signaling and self-sustaining processes, from those that do not.

Bilateral Symmetry

Body plan in which organs or parts present on both sides of the body are mirror images in appearance. For example, the hands are bilaterally symmetrical, whereas the heart is not.