If the demand for sardines increases as income decreases, sardines areA.substitute good.B.inferior good.C.normal good.D.complementary good.
Question
Solution 1
B. Inferior good.
Here's why:
An inferior good is a type of good that demand increases when consumer income decreases. This is because inferior goods are seen as lower quality or less desirable alternatives to more expensive goods. So, when people have less income, they are more likely to buy th Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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