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Which Characterization Applies to an Inferior Good

Question 85

Multiple Choice
Which characterization applies to an inferior good A)The average consumer chooses not to consume the good. B)The good is not equally valued by all consumers. C)An increase in income increases consumption of the good. D)An increase in income decreases consumption of the good.

Which characterization applies to an inferior good


A) The average consumer chooses not to consume the good.
B) The good is not equally valued by all consumers.
C) An increase in income increases consumption of the good.
D) An increase in income decreases consumption of the good.

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