dylanksarantos52 dylanksarantos52
  • 01-04-2019
  • Social Studies
contestada

when people buy less of a certain good as their income increases, this good is considered

Respuesta :

felipe92nava
felipe92nava felipe92nava
  • 03-09-2019

Answer:

An inferior good

Explanation:

When a good has a more expensive substitute (either because it is of better quality or gives you more status) and it's demand increases when the income improves we can figure out which the inferior goods are. The inferior goods are the ones that are replaced when this occur. So the demand drops when the income improves.  

Answer Link

Otras preguntas

how do interest groups help congress create laws?
PLEASE HELP ME!!Preguntas Answer the questions using complete sentences. A qué hora sales de la casa los lunes? 2. Dönde ves peliculas? 3. Cuando quieres bailar
X + 2x + 8 = X = 10 + 6
High student loan payments can impact all of the following life decisions except _____.
Hello, can someone help me with the working out to this problem
Describe the appearance of chromosome during the different stages of meiosis and mitosis? ​
Solve for x Can you pls help me?
Which statement best describes the law of conservation of mass? (1 point) O Chemical symbols are used to show atom balance before and after a reaction. O Matter
difference between Federal legislature and executive on the basis of its work​
The soldier on horseback looked very heroic as he rode his horse over the ridge. In the sentence, which words are connected by the linking verb? A.) soldier, he