inferior good,kinked demand curve
8: an inferior good a good is an inferior good if the consumer
inferior good
c income elastic, income inelastic, normal good, inferior good
inferior good
inferior good a good for which the demand increases as income
- kinked demand curve
- money supply
- factors of production
- risk averse
- public good
- limited liability
- economic rent
- economic surplus
- social insurance
- national debt
- marginal product
- aggregate demand
- marginal revenue
- labor productivity
- game theory
- gold standard
- economic growth
- marginal utility
- nash equilibrium
- money market
- marginal cost
- market failure
- lorenz curve
- budget constraint
- renewable resources
- monetary base
- long run
- monetary policy
- perfect competition
- legal tender