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Identify the graph of the equation using the discriminant. x2 - 2xy + y2 - 5x + 5y - 4 = 0
Inferior Good
A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.
Inferior Goods
A good that has a negative income elasticity, so that as consumer income rises, the demand for the good falls.
Normal Goods
Goods for which demand increases as the income of individuals increases.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.
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