Economy, asked by noumankkhan, 1 year ago

I what do you mean
by Normal and
linferir goods.?​

Answers

Answered by Abhishek94314
1

Answer:

In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises.

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