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Author Question: If renting videos is an inferior good, demand for this service will rise when consumer income falls. ... (Read 65 times)

Jipu 123

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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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Answer to Question 1

True

Answer to Question 2

True




Jipu 123

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


debra928

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Reply 3 on: Yesterday
Gracias!

 

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