If Product Y Is an Inferior Good, a Decrease in Consumer

question 35

Multiple Choice

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

• A) Make buyers want to buy less 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:

Gyrocopter

A lightweight, personal aircraft with both an engine-driven propeller and unpowered rotor blades that spin to provide lift.

Prospective Customers

Potential clients or customers who are considered likely to purchase a business's products or services.

Flying Car

A type of vehicle that can function both as a standard road vehicle and an aircraft, offering a personal air travel option.

Ultimate Consumers

The end-users who purchase and use products and services for their personal use, as opposed to buying them for resale or production.