in case of normal good , when the price of any good increase than before ,it's quantity danand?
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When incomes are low or the economy contracts, inferior goods become a more affordable substitute for a more expensive good. Inferior goods are the opposite of normal goods, whose demand increases even when incomes increase.
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Explanation:
When incomes are low or the economy contracts, inferior goods become a more affordable substitute for a more expensive good. Inferior goods are the opposite of normal goods, whose demand increases even when incomes increase.
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