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5 October, 00:51

The term inferior goods refer to what kind of goods

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  1. 5 October, 02:02
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    An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer.
  2. 5 October, 02:31
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    An inferior good is a type of good whose demand declines when income rises. Basically, demand of inferior goods is inversely related to the income of the consumer.
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