Demand ________ if consumers' incomes ________ and this is a ________ good.
A) increases; decrease; normal
B) increases; increase; inferior
C) increases; decrease; inferior
D) decreases; increase; normal
E) decreases; decrease; inferior

Question

Quizplus · Accepted Answer

According to the law of demand, as consumers' incomes increase, the demand for inferior goods decreases. Therefore, as consumer incomes decrease, the demand for inferior goods increases, which is the case in this scenario.

Demand ________ If Consumers' Incomes ________ and This Is a ________

Demand If Consumers' Incomes and This Is a