If a Particular Good or Service Is an Inferior and an Increase

question 104

Multiple Choice

If a particular good or service is an inferior and an increase in consumer income occurs,ceteris paribus,which of the following statements is FALSE?

• A)At a given price,less will be spent on the good.
• B)There will be a decrease in demand for the good.
• C)The demand curve for the good will shift toward the origin.
• D)There will be an increase in demand for the good.

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Definitions:

Poly(Vinyl Chloride)

A synthetic plastic polymer commonly known as PVC, widely used in construction, pipes, and as insulation for electrical wires due to its durability.

Monomer

A small molecule that can bind chemically to other monomers to form a polymer.

Polyethylene

A polymer made from the polymerization of ethylene, used in a wide array of products, including plastic bags, films, and containers.

Carbon-Carbon Double Bond

A chemical bond between two carbon atoms involving four bonding electrons, making compounds more reactive.