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Showing 1 to 2 of 2 for “"inferior good"”.
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Behavioural Economics: The Inferior-Good Effect
… used 15 domestic hens to investigate the inferior-good effect, a decrease in consumption of a commodity as income increases. Experiment 1 investigated plain and salted wheat to serve as superior goods (opposite to inferior goods) and inferior goods. Hens consumed mostly plain wheat when …
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An investigation into the demand for illuminating paraffin and liquid petroleum gas in South Africa
… reduce the forecasts and suggest that IP is an inferior good due to the availability of superior electricity or free wood respectively. Electrification will play a role in reducing consumption of IP and LPG. However, it can be concluded that due to the predominant price and income inelasticity …