An Inferior Good Is One That

question 99

Multiple Choice

An inferior good is one that:

• A) is of low quality or not very durable.
• B) gets poor reviews from objective, independent evaluators.
• C) no consumers are willing to buy.
• D) experiences decreased demand when income increases.

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Definitions:

Risks And Benefits

The potential negative and positive outcomes or consequences associated with a specific action or decision.

Semi-Structured

Refers to a type of data or data management process that is not completely structured, allowing for a mix of formatted and unformatted data.

Structured

A term that describes something organized or arranged in a specific, often systematic way, typically referring to data, systems, or processes.

Open-Ended

A type of question or problem that allows for a variety of responses and does not have a strict limit on possible answers.