Assume that spaghetti is an inferior good for most people. as peoples' incomes increase, all other things held constant, the demand for spaghetti will?

Respuesta :

Assume that spaghetti is an inferior good for most people. as peoples' incomes increase, all other things held constant, the demand for spaghetti will decrease.

In general  economics, an inferior good is a good whose demand decreases when the  income of consumer rises.

Demand for inferior goods increases when consumer income decreases, Unlike normal goods, the opposite is observed. Normal goods are those goods for which the demand rises with the increase in consumer income.

An inferior good is an economic word which describes the goods which  fall out of favor as incomes and the economy improve as consumers begin buying more costly substitutes instead.

To know more about inferior goods here:

https://brainly.com/question/13377225

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