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14 February, 14:20

The term inferior goods refer to what kind of goods

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  1. 14 February, 14:31
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    An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer.
  2. 14 February, 14:41
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    An inferior good is a type of good whose demand declines when income rises. Basically, demand of inferior goods is inversely related to the income of the consumer.
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