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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
If ground beef is an inferior good, then when the price of ground beef increases, the income effect says to
A) buy the same amount of the good.
B) buy less of the good.
C) buy more of the good.
D) buy zero of the good.
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kingbykingby
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#1
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Posts: 3218
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7 years ago
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#2
7 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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