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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #752201
Introduction to Economics 1 Deneme Sınavı Sorusu #752201
People tend to buy inferior goods less when their income increases because ......... . Which of the following completes the sentence above correctly?
|
they are not easily found in the market |
|
they are not needed anymore |
|
they are already low in quality |
|
they are uninteresting to consumers |
|
they are not the sign of prosperity |
Yanıt Açıklaması:
If a consumer buys less of a good when his or her income rises, the good is called an inferior good. In other words, inferior goods will have better quality alternatives. Therefore, when income rises, people can afford to forego the cheap alternative and buy the higher quality good instead. The correct answer is C.
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