If a good is an inferior good, then purchases of that good will decrease when
A) the demand for it increases.
B) population increases.
C) income increases.
D) the price of a substitute rises.
Correct Answer:
Verified
Q78: A decrease in the price of a
Q79: The observation that the demand curve for
Q80: Oatmeal is an inferior good and cold
Q81: As the opportunity cost of a good
Q82: A consumer might consider in- line skates
Q84: If consumers but not producers expect that
Q85: A normal good is a good for
Q86: If consumers' incomes increase and the demand
Q87: Which of the following increases the demand
Q88: The demand for a good increases when
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents