Which of the following statements best describes an inferior ...

[dakota nelson]

Which of the following statements best describes an inferior good?
 
  A) An inferior good is a good whose quantity supplied always exceeds the quantity demanded.
  B) An inferior good is a good whose demand decreases with an increase in consumers' income.
  C) An inferior good is a good that is sold at a subsidized price.
  D) An inferior good is a good that is rationed by the government.

Question 2

Which of the following is likely to lead to a right shift in the demand curve for labor in the coffee producing industry?
 
  A) A decrease in the price of tea
  B) An increase in the demand for tea
  C) A decrease in the demand for coffee
  D) An increase in the demand for coffee

[Jordin Calloway]

Answer to Question 1

B

Answer to Question 2

D

[dakota nelson]

Excellent

[bimper21]

Thanks for the timely response, appreciate it