An inferior good is likely to be a(n) _______ good that people _______ .
A) cheap; don't like much
B) expensive; like a lot
C) expensive; don't like much
D) luxury; must have

Question

Quizplus · Accepted Answer

An inferior good is a type of good that people consume less of as their income increases. Therefore, it is typically cheaper and may not be liked as much as other types of goods, hence the answer choice A.

An Inferior Good Is Likely to Be A(n) _______ Good