Economy, asked by mayurshukla4788, 9 months ago

If the income effect of a commodity is negative, it is called________.

Answers

Answered by sahildhiman709

Answer:

sabil Dhiman bidbe. iebid said FC.

Answered by darkwader

An income effect is positive in case of normal goods. There is direct relationship between income and quantity demanded. Income effect is negative in case of inferior goods (including Giffen goods) where we find inverse relationship between income and quantity demanded.

Previous Question

Next Question

Similar questions

English, 4 months ago

on for an out the anglers refresh into fortunate Angling is my hobby. Whenever I get time, I go (a) ------- angling. On the last Friday, I went to a big lake near my village . I took (b) angling rod, bait, (c) umbrella, a towel, light (0) and some other necessary things for angling. I went there in the morning and spent the whole day. I threw the hook with bait at about 8 am (e) the lake but no...

Math, 4 months ago

4. A passenger train takes 3 hours less for a journey of 360 km if its speed is increased by 20 km/hr from its usual speed. We need to find its usual quadratic speed. Represent the problem situation in the form of a equation.

Math, 4 months ago

A softball team has played 10 games. The total runs scored in each game are shown below. 16, 8, 11, 14, 22, 24, 13, 9, 17, 22 Find the range, median, the first and third quartiles, and the interquartile range.

Social Sciences, 9 months ago

Mention any two factors which marked the beginning of the Modern Age.

Math, 9 months ago