Economy, asked by SameerRonaldo, 7 months ago

what do you mean by inferior goods

Answers

Answered by Anonymous

Answer:

An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer.

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Answered by skmittal15

Answer:

An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer.

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