If Macaroni and Cheese Is an Inferior Good, Then a Decrease

question 77

Multiple Choice

If macaroni and cheese is an inferior good, then a decrease in income will result in

• A) an increase in the demand for macaroni and cheese.
• B) a decrease in the demand for macaroni and cheese.
• C) an increase in the supply of macaroni and cheese.
• D) a decrease in the supply of macaroni and cheese.

---

Definitions:

Family

An intimate group of two or more people who (1) live together in a committed relationship, (2) care for one another and any children, and (3) share activities and close emotional ties.

Deteriorating

Experiencing a decline in quality, condition, or vitality over time.

Schools Of Thought

Various philosophies or methods of thinking within a particular field or issue.

Family

A social unit comprising individuals related by blood, marriage, or adoption, often forming a household and involved in mutual care and responsibilities.