If a good is an inferior good, then?

If a good is an inferior good, then?
  • 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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