inferior good


A good the demand for which falls as income rises. The income elasticity of demand is therefore negative.

Use inferior good in a sentence

The inferior good earned that label or title during the last quarter where we saw incomes rise in the region.


It was an inferior good and that was interesting to me, because in the past it had been much better and more valuable.


Spam has always been considered an inferior good, only rising in popularity when the disposable income drops precipitously in a down economic climate.


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