An inferior good is a product: for which demand decreases as income increases. for which demand increases as income increases. for which there is no demand. that has an upward sloping demand curve.

Question

An inferior good is a product: for which demand decreases as income increases. for which demand increases as income increases. for which there is no demand. that has an upward sloping demand curve.

Answer 1

inferior good is a product for which demand decreases as income increases. This means that as consumers' incomes rise, they tend to buy less of the inferior good and may switch to more expensive substitutes.

Problemas

An inferior good is a product: for which demand decreases as income increases. for which demand increases as income increases. for which there is no demand. that has an upward sloping demand curve.

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