Which of the following is an example of an 'inferior' good? a) Pawnbroking services b) The Daily Star newspaper c) Coca-Cola d) Cigarettes

a) Pawnbroking services

'Inferior' good refers not to some statement of quality, but the fact that as consumers get richer, they tend to buy less of the product and more of a more expensive product. Pawnbroking services are often associated with poverty, so as individuals become richer, they are less likely to need these services, and may trade up to other banking services.    

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a) Pawnbroking services

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