A good is an inferior good if the consumer buys less of it when
A)his income rises.
B)the price of the good rises.
C)he feels less well off.
D)his income falls.

Question

Quizplus · Accepted Answer

An inferior good is a type of good for which demand decreases as the level of income or real purchasing power of the consumer increases. Therefore, when the consumer's income rises, they would buy less of the inferior good, making option A the correct answer.

A Good Is an Inferior Good If the Consumer Buys