If a good is an “inferior” good, an increase in consumers’ income while its pric

Question

If a good is an “inferior” good, an increase in consumers’ income while its price remains constant leads to:

a decrease in the demand for the good, but no change in quantity demanded.

No change in the demand for the good.

a decrease in the demand for the good and a decrease in quantity demanded.

an increase in the demand for the good and an increase in quantity demanded.

a decrease in the demand for the good, but no change in quantity demanded.

No change in the demand for the good.

a decrease in the demand for the good and a decrease in quantity demanded.

an increase in the demand for the good and an increase in quantity demanded.

Explanation / Answer

Option A.

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