If the economy goes into a recession and incomes fall, what happens in the markets for inferior

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If the economy goes into a recession and incomes fall, what happens in the markets for inferior goods?

a. Prices and quantities both rise.

b. Prices and quantities both fall.

c. Prices rise and quantities fall.

d. Prices fall and quantities rise.

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:01 PM

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If the economy goes into a recession and incomes fall, what happens in the markets for inferior

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Principles Of Microeconomics

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