For generations, the Irish were among the poorest in the British Isles and relied almost exclusively on simple potatoes, which were inexpensive but not particularly tasty, for sustenance. Potatoes were an inferior food product favored by the poorer sections of the population. All else being equal, how would you expect the demand for potatoes per person to change after several decades of significant economic development?

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Annabelle

Business

5 April, 03:13

For generations, the Irish were among the poorest in the British Isles and relied almost exclusively on simple potatoes, which were inexpensive but not particularly tasty, for sustenance. Potatoes were an inferior food product favored by the poorer sections of the population. All else being equal, how would you expect the demand for potatoes per person to change after several decades of significant economic development?

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Shrinkwrap · Answer 1

The demand for inferior goods decreases if the general income level of the population increases, while its demand increases if the general income decreases. In this case, the demand for potatoes probably decreased due to significant economic development which should have increased the general income level of the population.