A) Is it possible that you would purchase more of a good if its price rose? Is it possible that you would buy less of a good whose price falls? WHY or WHY NOT?
B) What is an inferior good?
C) What is the only determinant of demand that can have changed if there is a change in quantity demanded? What if there is a change in demand?
D) Why do changes in price expectations change demand today?
E) Do prices change demand for perishable or hard-to-store goods, like fresh vegetables or gasoline?
No it is not possible. This is because of law of demand. Law of demand states that as prices fall quantity demanded rises and as prices rise quantity demanded falls.
Inferior good is a good whose demand falls as ...
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