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4.13 What is an inferior good?
A A good of such poor quality that demand for it is very weak
B A good for which the cross elasticity of demand with a substitute product is greater than 1
C A good for which demand will fall as household income rises
答案：C
4.14 Consider the price and demand for flower vases. The price of cut flowers goes up sharply. Which of the
following would you expect to happen?
A The demand curve for flower vases will shift to the left and their price will rise
B The demand curve for flower vases will shift to the right and their price will rise
C There will be a movement along the demand curve for flower vases and their price will go down
D The demand curve for flower vases will shift to the left and their price will go down
答案：D
以上就是关于今天小编为大家整理的2020年acca考试模拟练习题。想了解更多关于acca考试资讯，请登录中公财经网acca栏目。
