0
What else can I help you with?
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.
How much does it cost for a waitress to obtain a license to serve alcohol?
I have never known a waitress to need a license for alcohol, it is the business that carries the alcohol license.
Can 2nd mortgage collect after auction?
No. Once the first mortgage or deed of trust is foreclosed, the second mortgage and any inferior liens are voided.
What countries have the highest taxes on alcohol?
sweden
Why does every country have import duty restrictions?
so that inferior,cheap ,low quality products and services are not brought from another country to collapse the domestic market.
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.
Why don't they sell alcohol after 2 AM?
they do in my state. your state is inferior. rules are rules.
Is coffee an inferior good?
no
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.
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.
What are the different types of goods?
Luxury Good, Normal Good, and Inferior Good.
What's an inferior good?
poor quality
Another way of saying not as good as?
inferior to
When people buy more of a certain good this good is considered what?
The answer is inferior
How could demand for an inferior good decrease?
Demand for an inferior good could decrease if consumers experience an increase in income, leading them to prefer higher-quality alternatives. Additionally, if the price of a substitute good falls significantly, consumers may shift their preferences away from the inferior good. Changes in consumer preferences or trends that favor superior goods can also contribute to a decline in demand for inferior goods.
Type of good whose demand falls when income increases?
inferior good
