Study the responsiveness of demand for commodity like salt match box grains with respect to income level of five families need and important
Answers
Answered by
8
Heya.....
See here for your answer....
==============
The goods which u mentioned above ..
Salt
Matchbox
Grains...
All the necessary use commodities of once life....So the income level of any family will not create a great impact on the demand of these goods ....
"" Salt is a necessary good and also consumers spend a very small proportion if their income on this...
So if income rises even the usage remain same and leads to same demand....
"" Matchbox....It is the good having very low price,, so no impact of income will issues on this....
"" Grains....
Yes,, income can effect this little....
People who was using cores grain will shift to good grains with rise in income....
I have told u overall, u can use this in response of any family context...
-- Be Brainly...
See here for your answer....
==============
The goods which u mentioned above ..
Salt
Matchbox
Grains...
All the necessary use commodities of once life....So the income level of any family will not create a great impact on the demand of these goods ....
"" Salt is a necessary good and also consumers spend a very small proportion if their income on this...
So if income rises even the usage remain same and leads to same demand....
"" Matchbox....It is the good having very low price,, so no impact of income will issues on this....
"" Grains....
Yes,, income can effect this little....
People who was using cores grain will shift to good grains with rise in income....
I have told u overall, u can use this in response of any family context...
-- Be Brainly...
Answered by
0
Conditions for Attaining Consumer's Equilibrium for Two or More Commodities. In the case of two or more commodities, the marginal utility derived from one commodity in proportion to its price should be equal to the marginal utility derived from a second commodity in proportion to its price.
Similar questions