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What is an Inferior good?

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bhavini123

bhavini123

Posts: 3
Join date: 2009-01-29
  • Post n°1

What is an Inferior good?

Post  bhavini123 on Thu Jan 29, 2009 2:33 pm

Can anyone give me an example of an inferior good?
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leianan91

leianan91

Posts: 2
Join date: 2009-02-13
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Re: What is an Inferior good?

Post  leianan91 on Fri Feb 13, 2009 4:28 pm

cheap goods
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batabatabata

batabatabata

Posts: 1
Join date: 2009-02-13
Age: 18
  • Post n°3

Re: What is an Inferior good?

Post  batabatabata on Fri Feb 13, 2009 4:36 pm

goods those will be bought less by customers when their salaries increase cheers cheers study
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luumanh123

luumanh123

Posts: 2
Join date: 2009-02-13
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Re: What is an Inferior good?

Post  luumanh123 on Fri Feb 13, 2009 4:39 pm

the more income the less consume cheap goods
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Fiona Yan

Fiona Yan

Posts: 3
Join date: 2009-02-13
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Re: What is an Inferior good?

Post  Fiona Yan on Wed Feb 25, 2009 1:09 am

Inferior good is cheap good,such as Bus Travel.It has a negative income elasticity.
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Fiona Yan

Fiona Yan

Posts: 3
Join date: 2009-02-13
  • Post n°6

Re: What is an Inferior good?

Post  Fiona Yan on Wed Feb 25, 2009 1:11 am

Inferior good is cheap good,such as Bus Travel.It has a negative income elasticity.
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