Normal Goods and Inferior Goods | Economics

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In this video, you'll learn about normal and inferior goods in economics. From professor of economics Vitaly Terekhov, Ph.D. #normalgoods #inferiorgoods #demand

00:00 Introduction
00:20 Demand curve
01:07 How income affects demand
02:32 Definition of normal and inferior goods
04:24 Practice

Learn about substitutes and complements here:

My book "Bare Basics Economics" is here:

  1. Bare Basics Economics
  2. normal goods
  3. inferior goods
  4. inferior goods examples
  5. normal goods examples
  6. normal goods and inferior goods
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im in university and this explains so much better than my professor thank you!

har
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