Economy, asked by pariharprakash661, 4 months ago

Income elasticity for inferior goods is ____________.​

Answers

Answered by Mohitdeva
0

Answer:

Normal goods

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Answered by abhaas179kv2sbp
1

Answer:

negative

Explanation:

Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods. A typical example of such type of product is margarine, which is much cheaper than butter.

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