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Inferior Good in Economics: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Inferior goods are always:

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1. A decrease in income will cause an increase in:

2. Examples of inferior goods are:

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About This Quiz & Worksheet

Looking at the types of products we might normally try to avoid, this quiz and corresponding worksheet will help you gauge your knowledge of inferior goods in economics. Topics you'll need to know to pass the quiz include understanding whether inferior goods are always poor quality as well as knowing what a decrease in income will cause.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to test your knowledge on the following:

  • Relationship between quality and inferior goods
  • Results of a decrease in income
  • Examples of inferior goods

Skills Practiced

  • Interpreting information - verify you can read information regarding the relationship between quality and inferior goods and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the results of a decrease in income
  • Reading comprehension - ensure that you draw the most important information from the related inferior goods lesson

Additional Learning

To learn more about what makes these products different from normal goods, review the corresponding lesson titled Inferior Goods in Economics: Definition & Examples. This lesson will help you:

  • Understand what an inferior good is
  • Describe consumer activity for inferior goods when income rises and falls
  • Identify the differences between inferior and normal goods
  • Show how frozen dinners can be considered inferior goods
  • Appreciate the benefits of choosing an inferior good over a normal good
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