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Dimitry K., Esq.
Dimitry K., Esq., Attorney
Category: Finance
Satisfied Customers: 41220
Experience:  NASD Licensed Rep, 1997-2001, Business Attorney
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If a decrease in income increases the demand for a good, then the good is A. a substi

Resolved Question:

If a decrease in income increases the demand for a good, then the good is

A. a substitute good
B. a complement good
C. a normal good
D. an inferior good
Submitted: 4 years ago.
Category: Finance
Expert:  Dimitry K., Esq. replied 4 years ago.
Thank you for your question.

The answer is "D", it is an inferior good.

Good luck.
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