Understanding "Inferior Goods" in Economics

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United States Listen and Learn English
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13,900
Published on ● Video Link: https://www.youtube.com/watch?v=CNG_UAQJE2Y


Duration: 2:50
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Unraveling the Mystery: Inferior Goods Explained • Discover the intriguing world of inferior goods in economics and gain a deeper understanding of their unique characteristics and implications on consumer behavior.

00:00 • Introduction - Understanding "Inferior Goods" in Economics
00:25 • What are Inferior Goods?
00:54 • Characteristics of Inferior Goods
01:23 • Examples of Inferior Goods
01:46 • Inferior Goods vs. Normal Goods
02:08 • Economic Implications



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