Which of the Following Is Most Likely to Be an Inferior

question 109

Multiple Choice

Which of the following is most likely to be an inferior good?

• A)airline travel
• B)restaurant meals
• C)a subscription to the Wall Street Journal
• D)soft drinks
• E)used clothing

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Definitions:

Research

The systematic investigation into and study of materials, sources, etc., in order to establish facts and reach new conclusions.

Age

A measure of the amount of time that a person or object has existed since its beginning.

Importance of Voting

The significance of participating in elections as a means of influencing government decisions and policies.

Election

A formal decision-making process by which a population chooses an individual or multiple individuals to hold public office.