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A superior good is a good/service that you are more likely to purchase as your expendable income increases.
Example: A New Car
An inferior good is a good/service that you may purchase in substitute of a superior good when your expendable income is limited.
Example: A Used Car
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What are some examples of inferior goods?
Spam
What are some examples of economic goods?
Some examples are like house goods. Like almost things you want and things you need but more of things that you cant live without. :)
What are some examples of cultural revitalization within the Anishinaabeg of Lake Superior communities?
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What are some examples of goods that people tend to purchase more of when their income decreases, known as inferior goods?
Some examples of inferior goods that people tend to buy more of when their income decreases include generic brands, public transportation, and fast food.
What are basic goods with reference to economy and some examples of it?
food, clothes, shelter
What are examples of an income?
Pay for goods or services sold, interest earned on deposits and bonds, share dividends are some examples.
What are some examples of some consumer goods?
There are a lot of examples for consumer goods. There are electronics like cellphones, TVs, computer specifically Personal computer, laptop, and notebooks. Also, there are groceries like the food or whatever it may be in the grocery store. Consumer goods are products that are available to the market.
What are some examples of complementary goods that are commonly purchased together?
Some examples of complementary goods that are commonly purchased together include peanut butter and jelly, smartphones and phone cases, and printers and ink cartridges. These goods are often used together or enhance the use of one another.
Examples of unsought goods?
The main examples of unsought goods arelife insurancea gravestone. tas
Why was the supply of the British goods limited prior to 1814?
American goods were made of superior quality, and the demand for British goods was low.
What are some examples of composite goods?
Apple Pie! Ice Cream! Monkey House!
What are some of Romanias manufactered goods?
Examples: cars, buses, clothes, foods etc.
