Question

Q.1. Complete the following statments :
1) The relationship between income and inferior goods is...........​

Answer 1

Answer:

INCOME

Explanation:

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Answer 2

Answer:

In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises.

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