If consumer income declines, then the demand for Options: A . &nbspnormal goods will increase. B . &nbspinferior goods will increase. C . &nbspsubstitute goods will increase. D . &nbspcomplementary goods will increase.

If consumer income declines, then the demand for

Question

If consumer income declines, then the demand for

Options:

A . normal goods will increase.

B . inferior goods will increase.

C . substitute goods will increase.

D . complementary goods will increase.

Answer: Option B
:
B
If consumer income declines, then the demand for inferior goods increases.

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