If renting videos is an inferior good, demand for this service ...

[Jipu 123]

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

[patma1981]

Answer to Question 1

True

Answer to Question 2

True

[Jipu 123]

Thanks for the timely response, appreciate it

[CAPTAINAMERICA]

Excellent