If Income Rises and a Good Is Inferior, Then Demand

question 122

True/False

If income rises and a good is inferior, then demand for that good will decrease.

---

Definitions:

Data

Factual information used as a basis for reasoning, discussion, or calculation, often in the form of numbers or qualitative insights.

Vague Referrals

Indirect or unspecified mentions or allusions to subjects or objects, often lacking clear details.

Media

Various means of communication and dissemination of information, including television, radio, newspapers, and the internet.

Violence

Violence is the use of physical force or power to cause harm, injury, or abuse, whether against individuals or groups.