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What else can I help you with?
What are some examples of superior goods?
A superior good is a good/service that you are more likely to purchase as your expendable income increases. Example: A New Car An inferior good is a good/service that you may purchase in substitute of a superior good when your expendable income is limited. Example: A Used Car
What is an example of a normal good and how does it differ from an inferior good?
An example of a normal good is a luxury car, which people buy more of as their income increases. In contrast, an inferior good is a generic brand of a product, which people buy less of as their income increases.
When people buy less of a good as their income increases the good is considered what?
inferior
Are chips and salsa an inferior or normal good?
they can be a normal good ou inferior good its depend where has more demand.
What is an example of somethhing you consider an inferior good?
macaroni and cheese, generic cereal, and used cars
Is coffee an inferior good?
no
Can you trade in your used car for another used car?
It is possible to trade a used car to another used car. As long as both cars are in good condition ang good price too.
What is the difference between a normal good and an inferior good?
Normal and inferior goods are classification given by economists to to goods judging on their behavior. Normal good is the most common type. It is said a good is normal when it's consumption increases when the income increases. Like clothes, when your income increases you buy more clothes. The opposite happens with inferior goods, of which consumption decreases when the available income increases. For example, used books and instant noodles: the more income you have the less used books and noodles you buy. A normal good is a good that a person will be more likely to buy the higher their income becomes. An inferior good is a good a person will be less likely to buy the higher their income becomes.
How do you show that in a two good world neither good is inferior?
If the income elasticity of demand is negative for both goods, then they are both not inferior goods.
Where is a good used car dealership?
Good used car dealerships can be found in most towns or cities. The following site gives a list of dealerships ,..usnews.rankingsandreviews.com/cars...Car.../Used-Car-Sales-and-Dea...
Can you put inferior in a sentence?
In my opinion the PlayStation 3 is a far inferior system to the Xbox.Don't feel inferior, you played just as good as him, and you were really unlucky not to win.That hot dog is of inferior quality.
How much was a used car in 1974?
$1,000 would buy you a good used car.
