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Inferior Good

Published on Nov 21, 2015

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PRESENTATION OUTLINE

1.

INFERIOR GOOD

JOSUE, BRANDY, AND SILVIA
2.

DEFENITION

A GOOD THAT CONSUMES DEMAND LESS OF WHEN THEIR INCOME INCREASE.
3.

Buying smaller quantities, or none at all, available income would rise and be able to afford something better

4.

Untitled Slide

5.

POSSIBLE EXAMPLES OF INFERIOR GOOD

  • Macaroni and cheese
  • Generic cereals
  • Used cars

Silvia Hernandez