Examlex
Which of the following is most likely to be an inferior good?
Price Gouging
The act of charging excessively high prices for goods or services, usually during times of emergency or shortage.
Outsourcing
The business practice of hiring parties outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.
T-Shirts
Casual shirts made of fabric, typically having short sleeves and no collar, popular for everyday wear.
Economic Grounds
The basis or rationale for decisions or actions based on financial or economic factors.
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