Embedded Files
The demand for inferior goods is negatively related to income.
People's demand for inferior goods decreases, as their income rises.
(The concept of income elasticity does not include in the DSE syllabus.)
Page updated
Report abuse
The demand for inferior goods is negatively related to income.
People's demand for inferior goods decreases, as their income rises.
(The concept of income elasticity does not include in the DSE syllabus.)