If Macaroni and Cheese Is an Inferior Good,what Would Happen

question 113

Multiple Choice

If macaroni and cheese is an inferior good,what would happen to the equilibrium price and quantity of macaroni and cheese if consumers' incomes rise?

• A)Both the equilibrium price and quantity would increase.
• B)Both the equilibrium price and quantity would decrease.
• C)The equilibrium price would increase,and the equilibrium quantity would decrease.
• D)The equilibrium price would decrease,and the equilibrium quantity would increase.

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Definitions:

Time Management

The process of organizing and planning how to divide one's time between specific activities effectively and efficiently.

Multi-tasking

The ability to perform multiple tasks simultaneously.

Daily and Weekly Activities

Routine tasks or actions that are performed on a daily or weekly basis as part of an individual's or organization's regular schedule.

Directive Leadership

Directive leadership is a style where the leader provides clear instructions, sets standards and monitors compliance, often with little input from subordinates.