If a good is inferior, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the

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If a good is inferior, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the

demand for the good. c. movement down and to the right along the demand curve for the good. d. movement up and to the left along the demand curve for the good.

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1 answer:

Paul [167] · Answer 1 · 2022-07-07T01:21:36+03:00

Answer:

b. decrease in the demand for the good.

Explanation:

An inferior good is a good whose demand falls when income increases and rises when income decreases.

A decrease in demand would lead to a leftward shift of the demand curve.

Inferior goods contrasts to a normal good. A normal good is a good whose demand increases when income rises and falls when income reduces.

Only a change in the price of a good leads to movement along the demand curve for that good.

I hope my answer helps you