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If households in the United States decreased their consumption of gasoline during these months, can we conclude that for these households, gasoline was an inferior
If households in the United States decreased their consumption of gasoline during these months, can we conclude that for these households, gasoline was an inferior good? A. Yes, we can conclude that gasoline was an inferior good. B. No, but we can conclude that gasoline was a luxury good. C. No. To conclude that gasoline is an inferior good, we would have to know that more gasoline was consumed as the incomes of U.S. households rose. D. No. To conclude that gasoline is an inferior good, we would have to know that less gasoline was consumed as the incomes of U.S. households rose
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