Introduction to Economics 1 Deneme Sınavı Sorusu #730869

I. Fake brand cheese II. Lor cheese III. White bread IV. Cinema tickets Which of the above are examples of inferior goods?


I and II

III and IV

I, II and III

I, II and IV

II, III and IV


Yanıt Açıklaması:

A product is said to be inferior if the demand for that product goes down when the income of the consumers increases. Consumers prefer to buy higher priced substitutes in place of the inferior goods when their income rises. Examples of inferior goods may be ordinary (white) bread, cheap cheese (“lor”) or fake brand (imitation) jeans. The correct answer is C.

Yorumlar
  • 0 Yorum