goods whose demand increase with rise in income and decrease with fall in income of the consumer are called
a) Griffen goods
b) complementary goods
c) normal goods
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1
Answer:
complementary good
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Answered by
3
Answer:
Normal goods. ...
An inferior good is an economic term that describes a good whose demand drops when people's incomes rise. ... Inferior goods are associated with a negative income elasticity, while normal goods are related to a positive income elasticity.
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