inferior good


A good the demand for which falls as income rises. The income elasticity of demand is therefore negative.

Use inferior good in a sentence

The inferior good earned that label or title during the last quarter where we saw incomes rise in the region.

​ Was this Helpful? YES  NO 2 people found this helpful.

It was an inferior good and that was interesting to me, because in the past it had been much better and more valuable.

​ Was this Helpful? YES  NO 4 people found this helpful.

Spam has always been considered an inferior good, only rising in popularity when the disposable income drops precipitously in a down economic climate.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
infant industry argument inflate