If macaroni and cheese is an inferior good, then a decrease in income results in
A) an increase in the demand for macaroni and cheese.
B) a decrease in the demand for macaroni and cheese.
C) an increase in the supply of macaroni and cheese.
D) a decrease in the supply of macaroni and cheese.
E) Both answers A and D are correct.
A
Economics
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An increase in the quantity demanded of a good is most often due to:
a. current prices. b. higher prices. c. higher income. d. lower prices. e. technological change.
Economics
________: a graph of the locus of consumption bundles that provide a consumer a given level of satisfaction
Fill in the blank(s) with correct word
Economics