Inferior goods
Revision as of 07:47, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Inferior goods are goods where the quantity demanded falls as income rises. ==Definition== According to Principles of Economics by Timothy Taylor (3rd edition), :In...")
Inferior goods are goods where the quantity demanded falls as income rises.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Inferior goods. Goods where the quantity demanded falls as income rises.