Inferior Goods

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August 18, 2024 5 min read Dictionary
Income Effect
Microeconomics Consumer Behavior Income Effect Normal Goods Inferior Goods Demand Curve Elasticity
The Income Effect explains how changes in consumer income impact the demand for goods and services.
Read more about Income Effect.
August 18, 2024 6 min read Dictionary
Inferior Good
Economics Consumer Behavior Economic Terms Goods Inferior Goods Market Trends Consumer Choice
An inferior good is an economic term describing a good whose demand increases when people's incomes fall.
Read more about Inferior Good.

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