Does increase or decrease in income of the consumer have the same effect on every type of commodity? Explain
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Answer:- NO FALL IN INCOME DOES NOT HAVE THE SAME EFFECT ON DEMAND FOR THE GIVEN COMMODITY
1-/ IF THE GIVEN COMMODITY IS A NORMAL GOOD THE FALL IN INCOME WILL REDUSED THE DEMAND FOR THE NORMAL GOODS
1-/ IF THE GIVEN COMMODITY IS A NORMAL GOOD THE FALL IN INCOME WILL REDUSED THE DEMAND FOR THE NORMAL GOODS
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