Suppose hamburger is an inferior good. If incomes increase, the __________ for hamburger would shift ____________ . Select one: a. demand curve; rightward b. demand curve; leftward c. supply curve; rightward d. supply curve; leftward

Suppose hamburger is an inferior good. If incomes increase, the for hamburger would shift __ . Select one: a. demand curve; rightward b. demand curve; leftward c. supply curve; rightward d. supply curve; leftward

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose hamburger is an inferior good. If incomes increase, the __________ for hamburger would shift ____________ .

Select one:

demand curve; rightward

demand curve; leftward

supply curve; rightward

supply curve; leftward

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Expert Solution

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Inferior good is one that whose demand is negatively related to the income of an individual.

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