By definition, an inferior good is a
A) want that is not expressed by demand.
B) good for which demand decreases when its price rises.
C) normal substitute good.
D) good for which demand decreases when income increases.
Correct Answer:
Verified
Q88: The demand for a good increases when
Q89: If income decreases or the price of
Q90: If income increases or the price of
Q91: Normal goods are those for which demand
Q92: Which of the following is true?
A) If
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
Q98: Inferior goods are those for which demand
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