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:

EPAS

Credentialing process for social work education programs, ensuring they meet set quality standards.

Environmental Justice

The fair treatment and meaningful involvement of all people regardless of race, color, national origin, or income with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies.

Human Rights

Basic rights and freedoms that all individuals are entitled to regardless of nationality, sex, national or ethnic origin, race, religion, language, or any other status.

Medical Model

A framework for understanding illness and disability that emphasizes biological factors and medical interventions.