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...
A good for which demand will fall as household income rises
“污”文化作为一种与雅文化相对立的现象，已成为当前网络亚文化的一道新景观。一些号称“油而不腻、黄而不淫”的污言秽语正在青少年之间传播、流行开来。对此，青少年应当( )①推进社会诚信建设，提升利用现代科技的能力②加强思想道德修养，提高抵御腐朽文化的能力③尊重文化的多样性，投身精神文明的创建活动④参加健康...
As far as the fast food is concerned, keep in mind that it is considered an inferior good mainly in the western countries. However, for the economies of the East, fast food is a normal good. Summary Definition Define Inferior Good:Inferior goods are products or services that increase in de...
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.
Explore normal goods in economics. Read the definition of a normal good and see how it differs from an inferior good. See examples of normal and inferior goods. Related to this Question What is the term for a good for which demand increases as income increases?
Kevin has edited encyclopedias, taught history, and has an MA in Islamic law/finance. Cite this lesson The economies of scale is where the scale of production lines up with a long-term outcome that is most profitable. Study the definition and impact of the economies of scale on fixed costs...
Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in
Inferior goods, on the other hand, have an inverse correlation between income and demand. As income increases, demand for these products decreases. A good example of this is public transportation. As consumers’ income increases, they purchase a car and stop riding the bus. ...
Is a 120 IQ good? An IQ score of 120 is definitely a good score since it means superior or above-average intelligence. Although not in the category of gifted or genius, an IQ score of 120 still falls within the top 10% of the population on the IQ scale. What are the differences bet...