If Macaroni and Cheese Is an Inferior Good,what Would Happen

question 113

Multiple Choice

If macaroni and cheese is an inferior good,what would happen to the equilibrium price and quantity of macaroni and cheese if consumers' incomes rise?

• A)Both the equilibrium price and quantity would increase.
• B)Both the equilibrium price and quantity would decrease.
• C)The equilibrium price would increase,and the equilibrium quantity would decrease.
• D)The equilibrium price would decrease,and the equilibrium quantity would increase.

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Definitions:

Thermography

A process of recording the heat patterns and temperatures of objects, often used in medical diagnosis and building inspections.

Radio Waves

Electromagnetic waves with wavelengths longer than infrared light, used in communication technologies.

Magnetic Field

A vector field that describes the magnetic influence on moving electric charges, electric currents, and magnetic materials.

Position

The placement or arrangement of a body or part of a body in a specific area or in relation to other parts.