If Product Y Is an Inferior Good, an Increase in Consumer

question 16

Multiple Choice

If product Y is an inferior good, an increase in consumer incomes will:

• A)result in a surplus 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.

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Definitions:

Hallucinogens

A class of drugs that distort perception, mood, and thought, leading to hallucinations or profound alterations in consciousness.

Mainlining

The act of injecting drugs directly into a main vein, often used in the context of illegal drug use such as heroin.

Heroin

An illegal, highly addictive opioid drug processed from morphine and used recreationally for its euphoric effects.

Marijuana

A substance from the Cannabis plant that affects mental processes, employed for either health-related or recreational uses.