Which of the Following Might Cause the Demand Curve for an Inferior

question 125

Multiple Choice

Which of the following might cause the demand curve for an inferior good to shift to the left?

• A)a decrease in income
• B)an increase in the price of a substitute
• C)an increase in the price of a complement
• D)None of the above is correct.

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Definitions:

Alcohol

A chemical compound known for its psychoactive properties, commonly found in beverages such as beer, wine, and spirits, which can affect the central nervous system.

Drug

A substance used to diagnose, treat, or prevent disease or to enhance physical or mental well-being.

Binge Drinking

The excessive consumption of alcohol in a short period of time, typically with the intention of becoming intoxicated.

Heavy Drinking

Consuming alcohol in excess of moderate drinking guidelines, often leading to health risks and alcohol dependency.