How does the rise of online education affect the demand for traditional, more expensive forms of education, potentially making them inferior for some learners?

Sep 11, 2022 ... Inferior goods are those goods the demand for which decreases with an increase in the consumer's income…For example the demand for inferior ... Feb 7, 2020 ... That means he can substitute his instant noodle diet with a more expensive but well-balanced, healthier diet. Thus, Joe's demand for instant ... Sep 27, 2019 ... ... good is normal, inferior or Giffen good. Interestingly, with this ... Inferior good, Giffen good, equilibrium price. Subjects: D ... Nov 14, 2018 ... A normal good has positive and an inferior good has negative elasticity of demand. Your disposal income is limited which you must spend after prioritizing your ... We found that fast-food restaurants were "normal goods" for below-average income, but "inferior goods" for above-average income, whereas full-service ... Inferior good ... In economics, an inferior good is a good that decreases in demand when the income of the consumer rises. People with little income might buy ... Answer and Explanation: 1. The demand for instant coffee would increase. When the consumer income falls, the demand for inferior goods would increase. The ... What is an inferior good. An inferior good is a good whose demand decreases when consumer income rises. This means that if a person suddenly has more money to ... Key words: Asia, income elasticity, inferior good, rice. The importance of rice for Asians has been well recognized in the literature (Barker,. Herdt, and Rose ... Consumers chose between options that paired either an objectively inferior good with high relative standing (Your laptop is rated 60/100 in quality; others ...