industryJuly 22, 2026inferior goodsJuly 22, 2026 July 22, 2026 The situation when quantity responds minimally to a price change and, as a result, total expenditures move in the same direction as price. Related Articles: Why We’re Scrambling to Buy Cheaper EggsThe Sweet Side of the UK BudgetWhy We Have Too Many ApplesWhat We Need to Know About the Guinness ShortageHow We’ve Responded To Rising Restaurant Prices Share