What is an inferior good?
A、A good of such poor quality that demand for it is very weak B
A、good for which the cross elasticity of demand with a substitute product is greater than 1 C
A、good for which demand will fall as household income rises
A、A good of such poor quality that demand for it is very weak B
A、good for which the cross elasticity of demand with a substitute product is greater than 1 C
A、good for which demand will fall as household income rises
【参考答案及解析】
Rationale: The term 'inferior good' is a technical term in economics. An example of such a good might be small 'starter' homes.
Rationale: The term 'inferior good' is a technical term in economics. An example of such a good might be small 'starter' homes.