Question
An inferior good is a good that: a.you would buy more of if your income rose. b.you would buy more of if your income fell.
An inferior good is a good that:
a.you would buy more of if your income rose.
b.you would buy more of if your income fell.
c.you would buy less of if the price of a substitute fell.
d.you would buy less of if the price of a complement fell.
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International Economics
Authors: Dennis Appleyard, Alfred Field
8th Edition
978-0078021671, 0078021677
