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1 June, 07:47

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

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  1. 1 June, 10:20
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    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
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    An example of inferior goods
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