Question

A rise in income of the consumer of a good X leads to a
fall in the demand for that good. What is good X called as?
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Answer 1

Answer:

rise in the income of the consumer of a good X leads to a fall in the demand for that good. ... Inferior goods refers to those goods whose demand decreases with an increase in income. For example : If demand of 'Toned Milk' decreases with increase in income, then Toned Milk' is an inferior good.