Assertion: income elasticity | /r/RelatedTo | inferior goods
Facets:
value: generally
type: MANNER
Source sentences:
text: A negative income elasticity of demand is associated with inferior goods; an increase in income will lead to a fall in the demand and may lead to changes to more luxurious substitutes.
text: A negative income elasticity of demand is associated with inferior goods; an increase in income will lead to a fall in the demand and may lead to changes to more luxurious substitutes.
text: A negative income elasticity of demand is associated with inferior goods; an increase in income will lead to a fall in the demand and may lead to changes to more luxurious substitutes.
text: A negative Income Elasticity of Demand is generally associated with “inferior goods.