What Is an Inferior Good

question 51

Multiple Choice

What is an inferior good?

• A)a good that everyone normally consumes
• B)a good that inferior people consume
• C)a good for which demand varies directly with household income
• D)a good for which demand varies inversely with household income
• E)a good for which demand does not vary with household income

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Definitions:

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the collective unconscious, archetypes, and dream analysis.

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A conceptual framework regarding how an individual organizes their perceptions, attitudes, and values regarding themselves.

Freudian Psychology

Freudian Psychology is a theory of the human psyche developed by Sigmund Freud, which posits that unconscious desires and motives shape individual behavior and personality.

Motivational Research

A type of consumer research that focuses on underlying psychological drivers of consumer behavior, including desires, needs, and motivations.