Which of the Following Is Most Likely an Inferior Good

question 303

Multiple Choice

Which of the following is most likely an inferior good?

• A)an antique car
• B)gasoline
• C)a bus ticket
• D)an airline ticket

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Definitions:

Psychological Groups

Collections of individuals who are connected through shared beliefs, emotional bonds, or collective behaviors, influencing each other's psychological states.

Cohesive Groups

Groups characterized by strong bonds and mutual respect among members, leading to increased collaboration and productivity.

Emergent Groups

Groups that form spontaneously based on shared interests or goals, especially in response to specific events or conditions.

Formal Groups

Groups in an organization created officially by the management to perform specific tasks or achieve certain objectives.