In the case of an inferior good, _______ falls when income _______ .
A) supply; rises
B) demand; rises
C) demand; falls
D) supply; falls

Name: In the case of an inferior good, _______ falls when income _______ . A) supply; rises B) demand; rises C) demand; falls D) supply; falls
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

In the case of an inferior good, demand decreases as income increases because consumers opt for more expensive substitutes as their purchasing power improves.

In the Case of an Inferior Good, _______ Falls When