Economics question help?If canned tuna fish is an inferior good in a...

[mcurtis_87]

...market, then when its price rises: ? If canned tuna fish is an inferior good in a market, then when its price rises:



A. Both the income and substitution effects work to increase the quantity demanded

B. The income effect works to decrease the quantity demanded, while the substitution effect works to increase quantity demanded

C. Both the income and substitution effects work to decrease the quantity demanded

D. The income effect works to increase the quantity demanded, while the substitution effect works to decrease quantity demanded

[Jeremy P]

C

The definition of inferior good is that an item decreases in demand while the consumer's income increasesI. I believe C would be your correct answer because having a substitute item you'd prefer would work to decrease to demand for the tuna fish.

[zanthus]

if there is an INFERIOR good, and its Price increases, will DEMAND EVER INCREASE.....NO

Therefore, any answer with the words indicating an increased demand can't be right. Therefore. C is the correct answer.

[John Jake]

2 points idiot