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What else can I help you with?
When income increases the demand for this type of good increases inferior?
An example would be the car industry. When the income of consumers increases as a whole, the demand for cheap cars goes down and the demand for more expensive cars goes up. When that happens, cheap cars are considered inferior goods.
Is oil expensive or cheap?
is oil cheap or expensive
What are some great tips for windshield repair?
You can get a cheap windshield replacement kit repair kit at many places online. I would recommend the following, www.cheapwindshieldreplacements.com/cheap-windshield.
Increase in price of inferior good?
Inferior goods are goods that the consumer in a sense does not need to continue using. In other words, he buys it because it's cheap. So if the price increases, he will find the next cheapest item and switch to it. Also, if your income rises, you may feel that the inferior good is "too cheap" for you and switch to something more expensive. As an example, you buy Internet from Verizon because of the cheap cost. If Verizon raises their rates, then you may switch to Comcast.
Is talc cheap or expensive?
Its expensive
What is the antonym of the cheap?
Expensive, costly, precious, priceless, or valuable. Those are opposites of cheap.
Is health insurance cheap or expensive?
expensive
What is opposite of cheap?
expensive opulent, expensive, pricy, highbrow,
Is nylon cheap or expensive?
Nylon is not an expensive material.
What are the disadvantages of getting a cheap windshield?
Some disadvantages of getting cheap windshield are: It may not be able to withstand pressure and can get damaged really fast, it may not be strong enough to hold off the wind.
Is calcium cheap or expensive?
or
What is the antonym of expensive?
Cheap
