If beans are an inferior good,a decrease in income will

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Quizplus · Accepted Answer

When income decreases, the demand for inferior goods, such as beans, increases because people switch from more expensive alternatives to cheaper options. This does not directly affect the price, production, or demand for rice unless rice is considered a substitute or complement in this context. However, the question does not specify the relationship between beans and rice, so the most direct inference is that a decrease in income leads to increased demand for an inferior good, not directly affecting rice's demand curve position without additional context.

If Beans Are an Inferior Good,a Decrease in Income Will