Which of the following goods would most probably be an inferior good?
A) French wines
B) generic beer
C) theater tickets
D) steak

Name: Which of the following goods would most probably be an inferior good? A) French wines B) generic beer C) theater tickets D) steak
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Question

Quizplus · Accepted Answer

Inferior goods are those whose demand decreases as income increases. Generic beer is a product that people may consume more of when they have a lower income and may switch to higher quality beers as their income increases.

Which of the Following Goods Would Most Probably Be an Inferior