Foreıgn Trade Deneme Sınavı Sorusu #1391453

Which one of the following terms is used for the circumstance when the demand for a certain commodity decreases while the income increases?

Income inelastic demand

Income elastic demand

Inferior goods

Product differentiation

Product cycle

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 (Parkin, 2005, p. 90)

PAYLAŞ:

SORUNUN CEVABI: C

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