A sub-standard good is a product that you will only buy if you have
limited budget but would otherwise not even consider buying it. Give
three (3) examples of what you feel are inferior goods and explain why you
believe them to be so.
limited budget but would otherwise not even consider buying it. Give
three (3) examples of what you feel are inferior goods and explain why you
believe them to be so.
Add an Answer
More Questions From This User See All
Answers & Comments
Answer:
A substitute, or substitutable good, in economics and consumer theory refers to a product or service that consumers see as essentially the same or similar-enough to another product.
Explanation:
:}