Multiple Choice
-Refer to the above figure. The arrows show the direction of a shift in the demand curve of Good A. Which of the following would be the most likely reason for the shift in the demand curve if Good A is an inferior good?
A) An increase in the price of Good A
B) A decrease in the price of Good A
C) A decrease in consumers' income
D) An increase in consumers' income
Correct Answer:
Verified
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