When Tom's income decreases,he purchases more hamburgers.We can conclude that for Tom,hamburger is a(n)________ good.

Name: When Tom's income decreases,he purchases more hamburgers.We can conclude that for Tom,hamburger is a(n)________ good.
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Question

Quizplus · Accepted Answer

When a consumer's income decreases, they tend to buy more of inferior goods, which are goods that have cheaper alternatives. In this case, since Tom purchases more hamburgers when his income decreases, hamburgers must be an inferior good for him.

When Tom's Income Decreases,he Purchases More Hamburgers