if a decrease in income increases the demand for a good what is the good called a an inferior go

Name: if a decrease in income increases the demand for a good what is the good called a an inferior good b a normal good c a complementary good d a substitute good
Uploaded: 2023-07-12T23:29:58-08:00
Duration: 1 min 14 s
Channel: Brooke Bussoletti
Description: if a decrease in income increases the demand for a good what is the good called a an inferior good b a normal good c a complementary good d a substitute good

Question

Brooke Bussoletti · Accepted Answer

When income decreases, people tend to cut back on purchasing more expensive items and instead op

Question

If a decrease in income increases the demand for a good, what is the good called? a. an inferior good b. a normal good c. a complementary good d. a substitute good

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