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Could you help me out with question 4? If hot dogs are an inferior good, an increase in income will result in... A. An increase in the quantity demanded for hot dogs B. An incre…

Could you help me out with question 4? If hot dogs are an inferior good, an increase in income will result in... A. An increase in the quantity demanded for hot dogs B. An incre…
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Could you help me out with question 4?

If hot dogs are an inferior good, an increase in income will result in...

A. An increase in the quantity demanded for hot dogs
B. An increase in the demand for hot dogs
C. A decreasein the quantity demanded for hot dogs
D. A decrease in the demand for hot dogs
E. No changes

Could you help me out with question 4? If hot dogs are an inferior good, an increase-example-1
asked
User Analiz
by
7.9k points

1 Answer

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D, if hotdogs are inferior, then an increase in income will result in eating more expensive, better quality food.
answered
User Alessandro Bertozzi
by
8.0k points
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