Homework answers / question archive / which is an inferior good, suppose household income falls, as a result of a recession

which is an inferior good, suppose household income falls, as a result of a recession

Economics

Share With

which is an inferior good, suppose household income falls, as a result of a recession. Select one: O a. Price increases and quantity increases O b. Price decreases and quantity increases O c. Price decreases and quantity decreases O d. Price increases and quantity decreases For the market for cars, suppose that the United Auto Workers (the union for labor in the automobile industry) negotiates for higher wages. Select one: O a. Price decreases and quantity decreases O b. Price increases and quantity decreases O c. Price increases and quantity increases O d. Price decreases and quantity increases For the market for computers, suppose the price of software increases. Select one: O a. Price increases and quantity decreases O b. Price decreases and quantity increases O c. Price decreases and quantity decreases O d. Price increases and quantity increases