93.2k views
4 votes
Which of the following is the best example of an inferior good?

a. leather gloves
b. a bus ride
c. a dvd
d. hiking boots

User Ashishsony
by
7.2k points

2 Answers

4 votes
In economics, an inferior good is a good whose quantity demanded decreases when consumer income rises (or quantity demanded rises when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those for which consumers' demand increases when their income increases 
User Sheldonhull
by
8.1k points
2 votes
I think the answer is A. "A bus ride."
User Mcernak
by
8.2k points