Economy, asked by mrstoteng, 6 months ago

derive the engel curve for an inferior good​

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Answered by Anonymous
3

Answer:

If the slope of the curve is negative, the good is an inferior good because consumption decreases as income is increased. The Engel Curve can be derived from the Income Expansion Path. Each budget constraint in the Income Expansion Path provides the income.

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Answered by Anonymous
0

Answer:

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