Normal vs Inferior Goods
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- Опубликовано: 5 фев 2025
- This video shows how a change in people's incomes affects demand differently based on whether the good is a normal good or an inferior good. When incomes increase, people demand more of normal goods and less of inferior goods. When incomes decrease, people demand less of normal goods and more of inferior goods.
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Perfect video, straight to the point! Thanks Ed
"If you know what ramen noodles are..."
You're doing a video for university students. That's all they get to eat.
I truly appreciate your videos!
Well explained
thank youuuu for this video sir helped me a lot!
Now does the Change in inferior goods means a decrease in price ?😅