Monday, December 15, 2008

Unit 1: Poundland: An example of an inferior good?

This BBC clip reports the continued expansion of the Poundland chain

http://news.bbc.co.uk/1/hi/business/7783200.stm

a) Is Poundland an inferior good or can the growth of its sales be explained by the factors that effect demand?
b) What is likely to happen to Poundland sales when the UK comes out of recession

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