Difference between revisions of "Inferior good"
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| − | An inferior good is something that people [[demand]] less of when their [[ | + | 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! |
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: | + | [[category:conservative stupidity]] |
Revision as of 00:25, November 24, 2011
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!
Inferior goods are therefore said to have a negative income elasticity of demand.