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24 October, 03:02

Travel by bus and pawn-shop services would be expected to be examples of

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  1. 24 October, 05:20
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    An example of inferior goods
  2. 24 October, 05:44
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    An inferior good is a type of good that declines in demand when income rises. These could be items such as generic foods, off-brand electronics, and discount store clothing. In contrast to inferior goods are normal goods. A normal good acts just the opposite of an inferior good; demand increases when income increases.
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