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Reverted edits by Libertas (talk) to last revision by SJames
An inferior good is something that people [[demand]] less of when their [[intelligence]] increases. An example of an inferior [[good]] would be Conservapedia for their racism, homophobia and general tongue-bathing of ridiculous far right policies and moral policing. As one's [[intelligence]] increases, he can realizes something like RationalWiki is far more appropraite to living in reality!
An inferior good is something that people [[demand]] less of when their [[income]] increases. An example of an inferior [[good]] would be White Castle for their cheap hamburgers. As one's [[income]] increases, he can afford McDonalds!
Inferior goods are therefore said to have a negative income elasticity of demand.
Inferior goods are therefore said to have a negative income elasticity of demand.
[[category:conservative stupidity]]
[[category:economics]]