What are inferior goods? Give an example.

Answers (1)

An inferior good is an economic term that describes a good whose demand drops when people's incomes rise. Some of us may be more familiar with some of the everyday inferior goods we come into contact with, including instant noodles, hamburgers, canned goods, and frozen dinners.

Preparation Products

Knockout NEET May 2023 (Easy Installments)

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Weekend Live Classes, Mentorship from our Experts, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 5499/-
Buy Now
NEET Foundation 2023

-Adaptive Time Table -450 hours of Video Lectures -NCERT Solutions -CBSE Previous Year Papers -Chapter wise Tests.

₹ 14999/-
Buy Now
NEET Foundation + Knockout NEET 2025

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Weekend Live Classes, Mentorship from our Experts, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 34999/-
Buy Now
Knockout JEE Main April 2021 (One Month)

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Weekend Live Classes, Mentorship from our Experts, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 14000/- ₹ 4999/-
Buy Now
Knockout NEET Aug 2021 (One Month)

Personalized AI Tutor and Adaptive Time Table, Self Study Material, Weekend Live Classes, Mentorship from our Experts, Unlimited Mock Tests and Personalized Analysis Reports, 24x7 Doubt Chat Support,.

₹ 14000/- ₹ 4999/-
Buy Now
Boost your Preparation for JEE Main with our Foundation Course
 
Exams
Articles
Questions