English, asked by Anonymous, 10 months ago

what are Inferior good????​

Answers

Answered by Anonymous
4

Explanation:

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Answer...

In economics, an inferior good is a good whose demand decreases when consumer income rises, unlike normal goods, for which the opposite is observed.

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Answered by ibolbam
2

Explanation:

An inferior good is an economic term that describes a good whose demand drops when people's incomes rise. ... Inferior goods—which are the opposite of normal goods—are anything a consumer would demand less of if they had a higher level of real income.

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