If an increase in income leads to a decrease in the demand for salami, then salami is:

a. an inferior good

b. a neutral good

c. a necessity

d. a normal good

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Sonia DhawanLv10

28 Sep 2020

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40) If a 4 percent decrease in income (at a constant price) results in a 2 percent decrease in the consumption of dweedles then A) dweedles are a necessity and a normal good. B) dweedles are an inferior good. C) the income elasticity of demand for dweedles is negative. D) dweedles are a luxury and a normal good. E) both A and D.

14. If an increase in consumer income causes a decrease in the demand for some good, then that good is considered: (a) A dangerous good. (b) An expensive good. (c) An inferior good. (d) A normal good.

An increase in consumer incomes will:

a. Increase the demand for an inferior good

b. Increase the supply of an inferior good

c. Increase the demand for a normal good

d. Decrease the supply of a normal good