An Inferior Good Is a Good Whose Quantity Demanded

question 179

Multiple Choice

An inferior good is a good whose quantity demanded

• A)rises when its price falls.
• B)falls when the price of a related good falls.
• C)falls when the consumer's total utility rises.
• D)rises when the consumer's real income falls.

---

Definitions:

CPI Increased

indicates that the Consumer Price Index, which measures changes in the price level of consumer goods and services, has risen.

Missing Interest Rate

Refers to an unknown or not specified interest rate in a financial equation or problem.

Missing Interest Rate

Refers to the absent or undisclosed rate of interest that should have been applied to a loan or investment.

Missing Interest Rate

The interest rate that isn’t specified or is needed to solve a financial calculation, often in the context of loans or investments.