poor quality
This is known as a inferior good. Inferior goods are goods for which demand decreases as consumer income rises. Examples include generic products or lower-quality items that consumers may opt for when their budget is tight.
good is relative. Salt water is a lot better than water or oil, but is never as good as a metal. Salt water is a good enough to conduct a small current with a battery.
Hot salt water is good for an open sore infection.
What does the inferior venacava do
inferior
they can be a normal good ou inferior good its depend where has more demand.
no
If the income elasticity of demand is negative for both goods, then they are both not inferior goods.
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.
Luxury Good, Normal Good, and Inferior Good.
inferior to
poor quality
Because alcohol consumption goes up when an economy goes down, alcohol is indeed an inferior good from an economics standpoint.
The answer is inferior
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.
inferior good