Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.

#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
A specific good may be an inferior good for some ranges of income and a normal good for other ranges of income. For a really poor person or population (think undeveloped country), an increase in income may lead to greater consumption of noodles or rice. Now, if incomes rise a bit (think college student or developing country), more meat or seafood may become part of their diet. Over this range of incomes, noodles can be an inferior good and ground meat a normal good.
If you want to change selection, open document below and click on "Move attachment"


owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p35


statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on



Do you want to join discussion? Click here to log in or create user.