3 ms·
Calling the Superior Good as "[that] which we consume more of as we have more disposable income" is not quite that of the wiki article. Note that the key word i
by lr4444lr 9y ago
Calling the Superior Good as "[that] which we consume more of as we have more disposable income" is not quite that of the wiki article. Note that the key word is proportion. Your definition is the basic demand relationship.
But even still, I think you're better off considering that as a necessary condition, not a definition. Giffen goods[0] follow the same pattern, and they are almost always under "basic necessities".
I return to the basic question: can the PPF curve for the economy under which BI is instituted be reshaped to supply what its recipients would buy? That's the key question.
I appreciate your open-mindedness to "think out loud."
[0]https://www.investopedia.com/terms/g/giffen-good.asp https://www.investopedia.com/terms/g/giffen-good.asp