What Is an Inferior Good

question 83

Multiple Choice

What is an inferior good?

• A) a product of low quality that we do not want to purchase
• B) a product for which demand increases when income increases, and demand decreases when income decreases
• C) a product for which demand increases when income decreases, and demand decreases when income increases
• D) a product that is complementary
• E) a product that is a substitute for another, better good

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Definitions:

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The extent to which individuals believe they can influence or manipulate their surrounding environment to meet their needs or desires.

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A global Christian humanitarian organization dedicated to working with children, families, and their communities to reach their full potential by tackling the causes of poverty and injustice.

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