Frequent Exam Questions without Answers
Inferior Goods
Chapter 8 ― Question 12
A decline in incomes will
- shift the demand curve for hamburgers to the left
- shift the demand curve for hamburgers to the right
- cause an upward movement along the demand curve for hamburgers
- cause a downward movement along the demand curve for hamburgers
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Chapter 8 ― Question 14
Many people think that junk food is an inferior good. If consumer incomes increase, what happens to
1) the demand curve for junk food
2) the quantity demanded
3) the equilibrium price
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