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      Question

      An inferior good is one for which an increase in income

      causes a(n)
      A Decrease in supply. Correct Answer Incorrect Answer
      B Increase in demand. Correct Answer Incorrect Answer
      C Increase in supply. Correct Answer Incorrect Answer
      D Decrease in demand Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      In case of inferior goods, income and demand is inversely related

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