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Other Fields Homework Help Economics Topic started by: AndrewKraus on May 22, 2017



Title: Which of the following statements best describes an inferior good?
Post by: AndrewKraus on May 22, 2017
Which of the following statements best describes an inferior good?
A) An inferior good is a good whose quantity supplied always exceeds the quantity demanded.
B) An inferior good is a good whose demand decreases with an increase in consumers' income.
C) An inferior good is a good that is sold at a subsidized price.
D) An inferior good is a good that is rationed by the government.


Title: Re: Which of the following statements best describes an inferior good?
Post by: Sudzbury on May 22, 2017
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Title: Re: Which of the following statements best describes an inferior good?
Post by: AndrewKraus on Jun 24, 2017
This helps with my assignment big time