Inferior Goods Clarification

Watch this video about inferior goods in order to see the relation between price and quantity demanded. Remember that inferior goods are considered to be on the low quality level in society and consumers would want to purchase less of them as their incomes rise and they are able to afford better quality products.

Source: Khan Academy
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.

Last modified: Thursday, February 25, 2021, 10:57 AM