Economics GCSE
Inferior Good
What Inferior Good means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Inferior Good
A good for which demand decreases as consumer income increases (negative YED).
Topics that use Inferior Good
- Elasticity (Pearson Edexcel GCSE)
Related terms
- Income Elasticity of Demand (YED)
- Normal Good
- Price Elastic Demand
- Price Elasticity of Demand (PED)
- Price Inelastic Demand
Using Inferior Good in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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