Question: Question: Which of the following would cause a decrease in the demand for soda? I.If soda is an inferior good, and consumer income rises. II.If

Question: Which of the following would cause a decrease in the demand for soda?

I.If soda is an inferior good, and consumer income rises.

II.If soda is a normal good, and consumer income rises.

III. The price of pizza, a complementary good, rises.

IV. The price of beer, a substitute good, rises.

  • I, IV
  • II, III
  • II, IV
  • I, III

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