Something Is an Inferior Good If the Demand for the Good

question 76

Multiple Choice

Something is an inferior good if the demand for the good

• A) increases as the consumer's income increases.
• B) increases as the consumer's income decreases.
• C) decreases as the price of a complement increases.
• D) decreases as the price of a substitute increases.
• E) decreases as the consumer's income decreases.

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Definitions:

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