Author Question: If renting videos is an inferior good, demand for this service will rise when consumer income falls. ... (Read 91 times)

Jipu 123 · **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