Suppose when the consumer's income rises by 100%, the consumer's consumption of good $x$ falls by 1%. We can infer that good $x$ is a(n)
A) normal good.
B) inferior good.
C) Giffen good.
D) marginal good.

Question

Quizplus · Accepted Answer

When a consumer's income increases and the consumption of a good decreases, the good is considered an inferior good.

Suppose When the Consumer's Income Rises by 100%, the Consumer's xxx

Suppose When the Consumer's Income Rises by 100%, the Consumer's $x$