which of the following describes an inferior good?\na. when consumer income increases, the demand for tea…

which of the following describes an inferior good?\na. when consumer income increases, the demand for tea increases.\nb. when consumer income decreases, the demand for aspirin is unchanged.\nc. when consumer income decreases, the demand for public transit decreases.\nd. when consumer income increases, the demand for eggs decreases.

which of the following describes an inferior good?\na. when consumer income increases, the demand for tea increases.\nb. when consumer income decreases, the demand for aspirin is unchanged.\nc. when consumer income decreases, the demand for public transit decreases.\nd. when consumer income increases, the demand for eggs decreases.

Answer

Brief Explanations:

An inferior good is one for which demand decreases when consumer income increases and demand increases when consumer income decreases. In option D, when consumer income increases, the demand for eggs decreases, which fits the definition of an inferior - good.

Answer:

D. When consumer income increases, the demand for eggs decreases.