What are the ethical considerations for businesses that target low-income consumers with potentially lower quality goods and services?

Jul 17, 2018 ... An inferior good is a good or service where your demand goes down when your income goes up, and vice versa. We develop a conceptual framework in which private consumption and an environmental public good act as substitutes or com-plements for satisfying different ... Practice Question 1. The income elasticity of demand for an inferior good is ______. A. equal to zero. B. less than zero. C. greater ... Apr 30, 2015 ... People commonly assume (or assert) that public transport is an “inferior good“, or something that people consume less of as their incomes increase. Aug 14, 2011 ... ... good, inferior good and Giffen behavior. We show that when the risk free asset is an inferior or Giffen good, it can only be held short. Inferior goods usually have more appealing substitutes, which consumers will switch to following a rise in income. For example, clothes from a thrift store and ... That said, his comment does have a point, and consumption of inferior goods themselves can be a signal of low status. Join us for AI Startup School ... "inferior good" published on by null. The sign of each of these conveys important information about the good. As we learned previously, inferior goods have an inverse relationship between income and ... Estimates of the price-elasticity of cigarette demand continue to attract a great deal of attention because of their relevance to the role of excise taxes in ...