Ask Question
1 June, 07:47

Travel by bus and pawn-shop services would be expected to be examples of

+5
Answers (2)
  1. 1 June, 10:20
    0
    An inferior good is a type of good that declines in demand when income rises. These could be items such as generic foods, off-brand electronics, and discount store clothing. In contrast to inferior goods are normal goods. A normal good acts just the opposite of an inferior good; demand increases when income increases.
  2. 1 June, 11:03
    0
    An example of inferior goods
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Travel by bus and pawn-shop services would be expected to be examples of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers