Inferior good: related pages

The component of the increase in sales of a good with lower prices attributable to consumers being better off as a result of the lower price.

The proportionate change in sales of a product that will be bought as a result of a unit change in price.

Change in demand or supply of one good as a result of a change in something related to another product.

Cyclical businesses are those that are sensitive to the economic cycle.

A defensive business is one whose profits are not particularly sensitive to economic conditions.