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Wednesday, 08 April 2026
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If a good is an inferior good, then?

If a good is an inferior good, then?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A It is also necessarily a Giffen good
  • B The quality of the goods demanded varies inversely with its price
  • C Its income elasticity of demand is negative
  • D The poor buy the good only out of habit
Correct Answer: Option C
Explanation:

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