After graduation from college,you might have an increase in your income from a new job.If as a result you decide that you will purchase more T-bone steak and less hamburger,then for you hamburger is a(n)_____ good.
A)normal
B)substitute
C)complementary
D)inferior

Question

Quizplus · Accepted Answer

If an increase in income leads to a decrease in demand for a particular good, then the good is classified as an inferior good. In this case, the person decides to purchase less hamburger (an inferior good) and more T-bone steak (a normal good) after an increase in income, indicating that hamburger is an inferior good for them.

After Graduation from College,you Might Have an Increase in Your