chelby2296 chelby2296
  • 03-02-2019
  • Business
contestada

The distinction between a normal and an inferior good is ...

Respuesta :

MsTeel
MsTeel MsTeel
  • 14-02-2019

When income rises, demand for a normal good will go up and demand for an inferior good will go down (because people would rather spend their extra money on the normal/better products).

Answer Link

Otras preguntas

Reflecting on how visullizing has helped you to gain a deeper understanding of the text.
Interest groups are often critcized for
Find the solution to the equations. 3x - y = -4 x + y = 0 (0, 0) (-1, 1) (1, -1)
In the drawing, six out of every 10 tickets are winning tickets. Of the winning tickets, one out of every three awards is a larger prize. What is the probabilit
combine like terms to simplify 2xy-xy-y+7y-xy
help me please immediately because I need it right now
Please help F(x)=x^2 +1, g(x)=5x how to solve
Draw a scatter plot that shows a person’s height and his or her age, with a description of any trends. Explain how you could use the scatter plot to predict a p
A fast food restaurant sells between 164 and 328 hamburgers per day. If the company profits $82.00 per 82 hamburgers sold, approximately how much does the compa
Question 1 which of the following is an example of how the right to vote expanded in the 1820's? - women got the right to vote -Native Americans were given the