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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Комментарии • 6

  • @jiggyfilms
    @jiggyfilms 6 лет назад +3

    Perfect video, straight to the point! Thanks Ed

  • @bhooibg8125
    @bhooibg8125 7 лет назад +16

    "If you know what ramen noodles are..."
    You're doing a video for university students. That's all they get to eat.

  • @bransonhebel8730
    @bransonhebel8730 4 года назад

    I truly appreciate your videos!

  • @pratimamishra7098
    @pratimamishra7098 4 года назад

    Well explained

  • @misskarlalily
    @misskarlalily 7 лет назад

    thank youuuu for this video sir helped me a lot!

  • @LwandoSomtsai
    @LwandoSomtsai 2 месяца назад

    Now does the Change in inferior goods means a decrease in price ?😅