Question

13) If a buyer’s demand for chicken thighs decreases as her income increases, chicken thighs for her are a(n) ______ good.
A) normal
B) inferior
C) substitute
D) complementary

Answer 1

Explanation:

inferior goods because inferior goods demand fall when consumers income rises

Answer 2

If a buyer’s demand for chicken thighs decreases as her income increases, chicken thighs for her are an B) inferior good.

Explanation:

• As people's salaries and the economy improve, they begin to replace these products with more expensive alternatives.

• Substandard commodities include automobiles that are less priced. When a person's income is limited, they will choose to purchase a less expensive vehicle.

• As a consumer's income improves, demand for low-cost automobiles decreases, whereas desire for high-cost automobiles increases, implying that low-cost automobiles are inferior items.