0
When people buy less of a certain good as their income increases this is what?
Wiki User
∙ 9y ago
inferior
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How body reacts when adrenaline hormone is secreted in the blood?
Too much of a certain hormone in the body is not really good for the body as it is very harmful. It gets to your head longterm; nervous one day, aggressive the next and unpredictable overall. You can wreck your circadian rhythm, have a panic attack, a nervous breakdown-everything goes haywire-might snap on your friends if you don't seek medical attn.
Is safaris good for Kenya?
Tourism brings a good income to Kenya, and encourages the natives to preserve the wildlife.
How does income affect your health?
If you do not have much money, you probably will not have much money for health issues. If you have a good income, you will be able to pay a personal doctor.
Why are children exploited?
Because it's easy to do in some countries, and it makes good money for the bosses. Because people are sick in the head and need mental help Also because parents in poor countries need the income.
What are inferior goods?
good that quantity demanded decrease as income increase fawaz hammad instructure of Economics Arab American university - jenin palestine
When people buy less of a certain good as their income increases this good is considered .?
inferior
When people buy less of a certain good as their income increases this is good is considered?
inferior
When people buy less of a certain good as their income increases this good is considered A?
inferior
When people buy less of a good as their income increases the good is considered what?
inferior
When income increases the demand for this type of good decreases.?
When people have more income, they will buy luxury products such as art.
If a good is a normal good what will happen to its consumption as income increases?
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
When people buy less of a certain good as their income increase this is good considered?
inferior
What is it When demand for a good decreases as income increases?
In the case of Inferior goods, the demand decreases as income increases.
How do changes in income affect the demand for a good?
Increases in income allow for more disposable income which increases spending and the demand for goods. Decreases in income conversely decreases disposable income which decreases spending.
If the demand for a good falls when income increases the good is call a good?
Normal good
Type of good whose demand falls when income increases?
inferior good
What is the income elasticity of an inferior good?
goods whose demand falls as consumer income increases
