Economy, asked by parammehta2401, 8 months ago

the relationship between income and demand for inferior good is what​

Answers

Answered by Anonymous
3

Answer:

here is your answer dear

In the case of inferior goods income and demand are inversely related, which means that an increase in income leads to a decrease in demand and a decrease in income leads to an increase in demand. For example, necessities like bread and rice are often inferior goods. ... Even luxury goods can become inferior over time.

Answered by majanofrankiak
4

Answer:In the case of inferior goods income and demand are inversely related, which means that an increase in income leads to a decrease in demand and a decrease in income leads to an increase in demand.

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