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An inferior good is one for which a(n) _____ in buyers' income causes a(n) _____.
 

A. increase; decrease in demand

B. decrease; decrease in demand

C. increase; increase in quantity demanded

D. increase; increase in demand

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manhokwe tawanda
manhokwe tawandaLv10
23 Oct 2020

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Related questions

1. An increase in the price of a good will:

a. increase demand.

b. decrease demand.

c. decrease quantity demanded.

d. increase quantity demanded.

 

2. A movement upward and to the left along a demand curve is called a(n):

a. increase in quantity demanded.

b. decrease in quantity demanded.

c. decrease in demand.

d. increase in demand.

1. An increase in the price of a good will

a. increase quantity demanded

b. increase demand

c. decrease demand

d. decrease quantity demanded

 

2. An increase in the price of good will

a. decrease quantity supplied

b. increase quantity supplied

c. decrease supply

d. increase supply

 

3. An increase in price causes an increase in total revenue when demand is

a. inelastic

b. elastic

c. unit elastic

d. all of the above

 

4. Which of the following could be the price elasticity of demand for a good for which a price increase would decrease revenue?

a. 1.0

b. 0.6

c. 2.6

d. 0.9

 

5. Other things equal, when the price of good falls, the

a. quantity supplied of good increases

b. demand increases

c. supply decreases

d. quantity supplied of the good decreases

 

 

Given a demand schedule and all else held constant _____________________.

(Select 1)(2pts)

An increase in price causes a decrease in demand.

A decrease in price causes an increase in demand.

A decrease in price causes an increase in supply.

A decrease in price causes a decrease in quantity supplied.

A decrease in price causes an increase in quantity demanded.

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