When you get hired for a well-paying job, you will most likely view older used cars as
A)complementary goods.
B)substitute goods.
C)inferior goods.
D)normal goods.

Question

Quizplus · Accepted Answer

When you get hired for a well-paying job, your increased income may lead you to view older used cars as inferior goods. This is because as your income rises, your preference shifts towards newer or more expensive cars, reducing your demand for older used cars.

When You Get Hired for a Well-Paying Job, You Will