![](https://www.opentextbooks.org.hk/sites/opentextbooks/files/book_profile/cc_icon/by-nc-sa.png)
Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
An increase in income will generally cause the consumption of most goods to increase: these goods are said to be normal (or superior) goods. There are a few goods for which the pattern is reversed: an increase in income causes a decrease in consumption. These goods are known as inferior or Giffen goods. Most often, these inferior goods are tied in the mind of individuals to hard times.
- 瀏覽次數:1567