QUESTION 11 If macaroni and cheese is an inferior good, then an increase in A. the price will cause the demand curve for macaroni and cheese to shift to the left. OB. a consumer's income will cause the demand curve for macaroni and cheese to shift to the right. OC. a consumer's income will cause the demand curve for macaroni and cheese to shift to the left. OD. the price will cause the demand curve for macaroni and cheese to shift to the right.

QUESTION 11 If macaroni and cheese is an inferior good, then an increase in A. the price will cause the demand curve for macaroni and cheese to shift to the left. OB. a consumer's income will cause the demand curve for macaroni and cheese to shift to the right. OC. a consumer's income will cause the demand curve for macaroni and cheese to shift to the left. OD. the price will cause the demand curve for macaroni and cheese to shift to the right.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 3QR

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