dylanksarantos52 dylanksarantos52

01-04-2019
Social Studies

contestada

when people buy less of a certain good as their income increases, this good is considered

Respuesta :

felipe92nava felipe92nava

03-09-2019

Answer:

An inferior good

Explanation:

When a good has a more expensive substitute (either because it is of better quality or gives you more status) and it's demand increases when the income improves we can figure out which the inferior goods are. The inferior goods are the ones that are replaced when this occur. So the demand drops when the income improves.

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