Which of the Following Is Most Likely an Inferior Good

question 21

Multiple Choice

Which of the following is most likely an inferior good?

• A)Rolex watches.
• B)Nike running shoes.
• C)Generic canned food.
• D)A custom-built mansion.

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Definitions:

Phobia

An irrational and excessive fear of a specific object, situation, or activity that leads to avoidance behavior.

Intense

Characterized by a high degree of emotion, energy, or activity; powerful or extreme.

Irrational Fear

An excessive and unreasonable fear response to a specific object, situation, or activity that is disproportionate to the actual level of danger.

Snakes

Legless reptiles known for their elongated bodies, which are often seen either as fascinating creatures or subjects of fear and myths.