Inferior goods are goods ……. ?
Select ONE answer:
- are consumed only by people with inferior taste.
- for which the demand increases when income increases.
- that are inferior in quality.
- that have a negative income elasticity of demand.
Explain how changes in tastes and fashions may cause a shift in the demand curve:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This is multiple choice question is suitable for Economics KS5 classes.
The answer is 4
This work is licensed under a Creative Commons Attribution 4.0 International License.