QuestionJune 1, 2025

If product Yis an inferior good, a decrease in consumer incomes will Multiple Choice make buyers want to buy less of product Y. not affect the sales of product Y. shift the demand curve for product Y to the left. shift the demand curve for product Y to the right.

If product Yis an inferior good, a decrease in consumer incomes will Multiple Choice make buyers want to buy less of product Y. not affect the sales of product Y. shift the demand curve for product Y to the left. shift the demand curve for product Y to the right.
If product Yis an inferior good, a decrease in consumer incomes will
Multiple Choice
make buyers want to buy less of product Y.
not affect the sales of product Y.
shift the demand curve for product Y to the left.
shift the demand curve for product Y to the right.

Solution
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Answer

shift the demand curve for product Y to the right. Explanation 1. Identify the nature of inferior goods Inferior goods are those for which demand increases as consumer incomes decrease. 2. Analyze the effect of income decrease A decrease in consumer incomes will increase the demand for inferior goods, shifting the demand curve to the right.

Explanation

1. Identify the nature of inferior goods<br /> Inferior goods are those for which demand increases as consumer incomes decrease.<br /><br />2. Analyze the effect of income decrease<br /> A decrease in consumer incomes will increase the demand for inferior goods, shifting the demand curve to the right.
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