Inferior goods are those for which demand increases as
A) the price of a substitute rises.
B) income decreases.
C) income increases.
D) the price of a substitute falls.
Correct Answer:
Verified
Q93: By definition, an inferior good is a
A)
Q94: A decrease in the expected future price
Q95: A normal good is a good for
Q96: People come to expect that the price
Q97: The demand curve for a normal good
Q99: Which of the following decreases the demand
Q100: An increase the expected future price of
Q101: Which of the following lists has variables
Q102: The price of the steel used to
Q103: Which of the following increases the demand
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