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Umnica [9.8K]
3 years ago
5

If macaroni and cheese is an inferior good, then an increase in ____

Business
1 answer:
Anvisha [2.4K]3 years ago
5 0

Answer:

The correct answer is option C.

Explanation:

An inferior good is a good that has a negative income elasticity. It means that when consumer's income increases the demand for inferior goods decreases and vice versa.

If macaroni and cheese is an inferior good, then an increase in consumer's income will cause the demand for macaroni and cheese to decrease. This decrease in demand will cause the demand curve to shift to the left.

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