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Explain what inferior goods are and give an example of an inferior good.
Checking Account
A bank account allowing the account holder to deposit and withdraw funds, often through the issuance of checks.
Leasing Companies
Companies that provide leasing services, allowing individuals or other businesses to use assets for a specified period in exchange for regular payments.
Tax Agencies
Governmental organizations responsible for administering and collecting taxes.
Utility Companies
Businesses that provide essential services such as water, electricity, and gas to homes and companies.
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