Social Sciences, asked by shaikhmuhammadali995, 1 month ago

area where people have a low income do not have a____ demand on product ​

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Answered by Anonymous
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An inferior good is one whose demand drops when people's incomes rise. When incomes are low or the economy contracts, inferior goods become a more affordable substitute for a more expensive good. Inferior goods are the opposite of normal goods, whose demand increases even when incomes increase.

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