Asked by
Savannah Nejtek
on Oct 25, 2024
Verified
Which of the following goods is an inferior good in the United States?
A) Health care
B) Entertainment
C) Rental housing
D) all of the above.
Inferior Good
An inferior good is a type of good for which demand decreases as the income of the individual increases, in contrast to a normal good.
Rental Housing
Properties available for rent to provide accommodation, usually on a monthly or yearly lease agreement.
- Master the characteristics and underlying concepts of normal and inferior goods.
Verified Answer
EB
Learning Objectives
- Master the characteristics and underlying concepts of normal and inferior goods.