If Inferior Goods Are Essential Then Why increase in Consumer income decrease the demand of it ????
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No.
Because of they arr essential Goods therefore Increasing in Income Don't affect the demand for them Because they can't do without that goods.
Because of they arr essential Goods therefore Increasing in Income Don't affect the demand for them Because they can't do without that goods.
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when there is an increase in consumer income will reduce the demand for inferior goods because people changes to superior goods
samarthjain5sjpa1pum:
but inferior goods arw essential na ..
Bro But inferior goods are essential goods...How can You do without essential goods simply by increasing your income. e.g. Wheat...Can you do without wheat if your income increases.
ya rs bhai..
wheat is not an inferior good
inferior goods are like jowar and bajra
for Rich economy Inferior Goods will be Wheat...??
Bro u can take example of Match stick Box also...it is also a inferior good.
ya
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