Keyword: inferior goods

More Money, More Options (2/25/2000)

Fast foods are inferior goods that are used more when income is low. "Sit down" restaurant meals are normal goods that are consumed more when income is high.

Keywords: demand curve shift, fast food, income, inferior goods, normal goods, restaurant

There Are no Widgets - Types of Goods (7/7/2006)

The law of supply and demand applies differently depending on the exact types of goods.

Keywords: capacity, closed-standard goods, complementary goods, durable goods, first-party payment goods, independently-used goods, inferior goods, innovative products, mature products, networked goods, normal goods, open-standard goods, Perishable goods, price discrimination, private goods, public goods, replacement, single pricing, substitute goods, third-party goods, widgets