Foreıgn Trade Deneme Sınavı Sorusu #1397313

What refers to the circumstance when the demand for a certain commodity decreases while the income increases?


Income elastic demand

Income inelastic demand

Linder model

Inferior goods

Hechsner theory


Yanıt Açıklaması:

 

Inferior goods: It refers to the circumstance when the demand for a certain commodity decreases while the income increases. Potatoes and rice can be taken as examples for inferior goods. Inferior goods are the commodities that low-income consumers demand.

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