If the price of a commodity falls and the quantity purchased does not rise, the commodity can be described as________
The correct answer is D. Inferior
An inferior good is a type of good for which demand increases as consumer incomes fall, and conversely, demand decreases as consumer incomes rise.
If the price of an inferior good falls, the quantity purchased may not necessarily rise because consumers may still prefer higher-quality substitutes as their incomes increase.
Therefore, the commodity can be described as inferior in this context.
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