Which of the following items is most likely to be an inferior good?
A) bus tickets
B) airline tickets
C) housing
D) stereo equipment
E) home computers

Question

Quizplus · Accepted Answer

An inferior good is a good that people demand less of as their income increases. Bus tickets are more likely to be an inferior good because as people's income increases, they may switch to using other modes of transportation like cars or planes.

Which of the Following Items Is Most Likely to Be