Lesson 7 Flashcards
1
Q
Normal good
A
When people’s incomes increase, they usually buy more of these
2
Q
Inferior good
A
When people’s income increase, they buy less of these goods
Economics > Lesson 7 > Flashcards
Normal good
When people’s incomes increase, they usually buy more of these
Inferior good
When people’s income increase, they buy less of these goods