The demand for an inferior good is _________. a) positively related to its own price b) negatively

Question:

The demand for an inferior good is _________.

a) positively related to its own price

b) negatively related to income

c) unaffected by consumer tastes and preferences

d) insensitive to changes in prices of its complements

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: