Each of the following is an inferior good except

Name: Each of the following is an inferior good except
Brand: Quizplus
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Quizplus · Accepted Answer

An inferior good is a good for which demand decreases as income increases. Rice, potatoes, and beans are typically considered inferior goods because as people's income increases, they are more likely to switch to higher-quality, more expensive types of food. Filet Mignon steak, however, is a luxury good for which demand increases as income increases.

Each of the Following Is an Inferior Good Except