The difference between normal and inferior goods is that
A) normal goods are of better quality than inferior goods
B) an increase in price will shift the demand curve for a normal good rightward and the demand curve for an
Inferior good leftward
C) if the price of a normal good increases, individuals who buy it are poorer; for inferior goods, the opposite
Is true
D) an inferior good is something that will not be demanded until quantities of the normal good have
Been exhausted
E) an increase in income will shift the demand curve for a normal good rightward and the demand curve for
An inferior good leftward
Correct Answer:
Verified
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