Solved

Suppose Canned Soup Is an Inferior Good

Question 41

Multiple Choice

Suppose canned soup is an inferior good.This means that


A) when income rises,more cans of soup will be bought.
B) when income rises,fewer cans of soup will be bought.
C) when income falls,fewer cans of soup will be bought.
D) you will never consume canned soup because of its low quality.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents