The income elasticity of demand for an inferior good,such as a macaroni and cheese dinner,is negative.

Name: The income elasticity of demand for an inferior good,such as a macaroni and cheese dinner,is negative.
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The income elasticity of demand for an inferior good such as a macaroni and cheese dinner is negative. This means that as people's income increases, they will less likely buy the cheaper and low-quality product and switch to better-quality products.

The Income Elasticity of Demand for an Inferior Good,such as a Macaroni