Biology, asked by patilmanisha234, 4 months ago

income elasticity of demand for inferior goods is

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Answered by Talentedgirl1

0

Answer:

Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.

Answered by ajha22480

5

Answer:

Your Answer:-

Explanation:

Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.

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