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Author Question: If renting videos is an inferior good, demand for this service will rise when consumer income falls. ... (Read 68 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
Thanks for the timely response, appreciate it

shewald78

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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