If Product Y Is an Inferior Good, a Decrease in Consumer

question 188

Multiple Choice

If product Y is an inferior good, a decrease in consumer incomes will

• A) make buyers want to buy less of Product Y.
• B) not affect the sales of product Y.
• C) shift the demand curve for product Y to the left.
• D) shift the demand curve for product Y to the right.

---

Definitions:

Subcontractors

Individuals or companies hired by a primary contractor to perform specific parts of a larger project.

General Contractor

A principal contractor who is responsible for the oversight of a construction project, managing subcontractors, and providing materials and labor for the completion of the job.

Holdback

A portion of funds or payment deliberately kept back until certain conditions are met or work is completed satisfactorily.

Fraudulent Preferences

Financial transactions made by a debtor before bankruptcy that unfairly favor one creditor over others.