Exhibit 3-6 Refer to Exhibit 3-6. If a decrease in income causes the demand for good X to shift from D₁ to D₂, then good X is A)a normal good. B)an inferior good. C)a substitute good. D)a complementary good. E)a neutral good.

Question

Quizplus · Accepted Answer

If a decrease in income causes a shift in demand from D₁ to D₂, then the good X is an inferior good. Inferior goods are those whose demand decreases as customer income increases, and vice versa.

Exhibit 3-6 Refer to Exhibit 3-6. If a Decrease in Income Causes