for an inferior good an increase in income causes a(an)
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Answer:
Decrease in demand
Explanation:
⇒ Income (Y) - increases ⇔ demand for inferior good decreases
(as they will demand normal and luxury goods)
⇒ Income (Y) - decreases ⇔ demand for inferior good increases
(as they can't demand normal and luxury goods)
so, there is an inverse/negative relation between income and inferior goods
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