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What is an example of something you consider an inferior good?

User Trung Tran
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2 Answers

7 votes

Answer:

For example, you would buy less generic and cheap food when you could afford something better.

hope it helps !

User SachaDee
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Answer:

An increase in income causes the demand of an inferior good to fall. For example, you would buy less generic and cheap food when you could afford something better.

Step-by-step explanation:

User Gdegani
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