An inferior good is
a. any good of low quality
b. one that consumers buy less of at a higher price
c. one that consumers buy less of as their income rises
d. one that has few substitutes
e. any good made with inexpensive labor
C
Economics
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Is beer taxation a regressive, proportional, or progressive tax if viewed as a point in time? Please explain your answer. What about if viewed over a person's lifetime? If your answer changes, please explain why
What will be an ideal response?
Economics
Suppose autonomous consumption decreases. This reduction in autonomous consumption will cause which of the following to occur?
A) The consumption function shifts down. B) The consumption function shifts up. C) The consumption function becomes steeper. D) The consumption function becomes less steep.
Economics