Author Topic: Inferior good  (Read 67 times)

Offline Md. Alamgir Hossan

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Inferior good
« on: April 15, 2017, 04:52:23 PM »
An inferior good means an increase in income causes a fall in demand. It has a negative. An example, of an inferior good is Tesco value bread. When your income rises you buy less Tesco value bread and more high quality, organic bread.