Suppose that canned soup is inferior. This means that when:
A) When income rises, more soup will be bought
B) When income rises, less soup will be bought
C) When income falls, less soup will be bought
D) You will never consume canned soup because of its low quality

Question

Quizplus · Accepted Answer

When a product is inferior, as in this case canned soup, consumers tend to buy less of it as their income rises. They are more likely to choose higher quality alternatives with their increased purchasing power. Therefore, option B is correct.

Suppose That Canned Soup Is Inferior