B.A good for which the cross elasticity of demand with a substitute product is greater than 1 C.A good for which demand will fall as household income rises 相关知识点: 试题来源: 解析 B Rationale: The term 'inferior good' is a technical term in economics. An example of such a good mig...
is an inferior good?What is an inferior good?A. A good of such poor quality that demand for it is very weak B. A good for which the cross elasticity of demand with a substitute product is greater than 1 C. A good for which D. emand will fall as household income rises 答案：C ...
A classic example of inferior good is public transportation. When consumer income is low, people use the bus. If the economy grows and consumer income increases, people stop using the bus and buy cars instead. It makes sense to use the bus when people cannot afford a taxi or a car. But...
An inferior good in economics refers to a type of good whose demand decreases as consumer income rises, and vice versa. This contrasts with normal goods, where demand increases with rising income.
What is an inferior good?A good for which demand will fall as household income rises
What is an inferior good?2016年（）凌晨，韩国三大在野党和无党派议员向国会提交关于总统朴槿惠的议案。在野党阵营拟于8日将案正式列入国会全体会议的议程，并于9日进行投票表决。同日，总统“亲信干政”事件爆发以来的第六次烛光在韩国各地举行，民众要求朴槿惠为“亲信干政”事件负责并立刻 ...
What is an example of inferior goods?Inferior Goods:Inferior goods are an interesting type of good that people want to purchase more of when they are in a certain situation. Take away this situation and people are no longer much interested in purchasing these inferior goods....
The definition of an inferior good is one that you buy because you can't afford anything better. It would be correct to say that All Giffen goods are...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer...
There are a number of reasons why it’s important to make good decisions about your products and production processes: Poor decisions can lead to inferior products —If your product is not up to par, it could reflect badly on your company and damage your reputation. ...
Luxury Item vs. Inferior Good Aninferior goodis a good that experiences less demand as a person's income increases. As a result, it has a negative elasticity of demand. For example, cheap, store-brand coffee would likely see an increase in demand when people's income is low. However, wh...