exception to income determinantes
definition: Demand for inferior goods decreases as income increases and vice-versa.
- Examples: ground beef, Top Ramen, generic non-brand items, used cars, thrift store clothing
connected key terms:petics | income


everyday examples
when you get paid more:
▪ buy steak not ground beef
▪ buy MAC make up not elf or cover girl

when you get paid less:
▪ buy market pantry not dole pineapple
▪ buy a 5 year old car, not a brand new car


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