The relationship between the quantity demanded and consumer's income is -
(A) Positive (B) Infinite
(C) Zero (D) Inverse
Answers
Answered by
32
The answer depends upon the type of commodity.
In case of normal goods, or goods of superior quality, demand and income have a positive relationship, which means, if income of consumer rises, the demand increases and vice-versa.
However, in case of inferior goods, demand and income of consumer have a negetive relationship, which means as income decreases, demand increases and vice-varsa.
Note:
Negetive relationship is also known as inverse relationship.
Answered by
25
Answer:
Required Answer :-
Infinite
Explanation:
In the relationship between the quantity demanded and consumer income is Infinite. Because anyone may bought a lot of goods but sell only few. Therefore, Option No. B is correct.
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