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1.6.4 nature and definition of demerit goods: over-consumption as a result of imperfect information in the market
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What is a demerit good?

What is a demerit good?

A demerit good is over-consumed because consumers have imperfect information about its true harm. The label also involves a negative value judgement that society should consume less of the good.

1.6.4 nature and definition of demerit goods: over-consumption as a result of imperfect information in the market Lesson

  1. Intl A Level
  2. /Economics
  3. /1.6.4 nature and definition of demerit goods: over-consumption as a result of imperfect information in the market

Step-by-step lessons on CIE Intl A Level Economics 1.6.4 nature and definition of demerit goods: over-consumption as a result of imperfect information in the market. Each one builds up to exam-style questions.

Lessons