A good may be inferior at some income levels and normal at others. In
A good may be inferior at some income levels and normal at others.
Indicate whether the statement is true or false
ANSWER
True . A consumer may demand more of the good at low income levels and less of the good at higher income levels. Hamburger or macaroni and cheese dinners may be examples of such goods.
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.