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Author Question: If renting videos is an inferior good, demand for this service will rise when consumer income falls. ... (Read 38 times)

Jipu 123

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on: Jun 30, 2018
If renting videos is an inferior good, demand for this service will rise when consumer income falls.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If people buy more of a generic brand when consumer income falls, it is an inferior good.
 a. True
  b. False
  Indicate whether the statement is true or false


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patma1981

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


Jipu 123

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Reply 2 on: Jun 30, 2018
Wow, this really help

kusterl

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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