Economy, asked by popsin143, 10 months ago

if consumer income increase the demand for inferior good x?​

Answers

Answered by rohan5832
3

Explanation:

In economics, the demand for inferior goods decreases as income increases or the economy improves. When this happens, consumers will be more willing to spend on more costly substitutes. Some of the reasons behind this shift may include quality or a change to a consumer's socio-economic status.

please mark brainless answer

Answered by prachidhoot6
0

Answer: the demand for inferior good decreases

Explanation: as inferior goods are income concept they are based on individual income

Similar questions