By definition, an inferior good is a A) want that is not ...

[frankwu]

By definition, an inferior good is a
 
  A) want that is not expressed by demand.
  B) normal substitute good.
  C) good for which demand decreases when its price rises.
  D) good for which demand decreases when income increases.

Question 2

Misty has the option of purchasing one of three products: Brand A, Brand B, or Brand C. Each costs ten dollars. If she decides that Brand A meets her needs best, then the opportunity cost of this decision is
 
  A) Brand B plus Brand C.
  B) twenty dollars.
  C) Brand A.
  D) Brand B or Brand C, depending on which is considered the highest-value alternative forgone.

[triiciiaa]

Answer to Question 1

D

Answer to Question 2

D

[frankwu]

Thank you

[triiciiaa]

Happy to help you