Given the following income and quantity demanded for good X, we know that this good is a superior good.

Question

Quizplus · Accepted Answer

An inferior good is a good for which a decrease in income results in an increase in quantity demanded, while a superior good is a good for which an increase in income results in an increase in quantity demanded. Since the statement mentions that the good is an "income and quantity demanded" relationship, and it states that the good is "superior", we can conclude that the answer is A.

Given the Following Income and Quantity Demanded for Good X