Question 35
MediumOriginal questionWhen a family's income rises, it buys less coarse grain and more fine rice. For this family, coarse grain is
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Its demand falls as income rises, which defines an inferior good.
Fine rice, whose demand rises with income, is a normal good for the family.
- Concept
- Identifying an inferior good
- Typical timeTypical
- 70 s
- Your timeYours
- —
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