What is the most likely to be an inferior good?
A) Public transportation.
B) Cars.
C) Taxi services.
D) Private plane.

Question

Quizplus · Accepted Answer

Inferior goods are those whose demand decreases as the income of the consumer increases. Public transportation is typically considered an inferior good because as people earn more money, they are more likely to purchase their own vehicles or use more expensive forms of transportation, reducing their reliance on public transportation.

What Is the Most Likely to Be an Inferior Good