Question

What is inferior goods and normal goods ? ​

Answer 1

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• An inferior good is an economic term that describes a good whose demand drops when people's incomes rise. ... Inferior goods are associated with a negative income elasticity, while normal goods are related to a positive income elasticity
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• A normal good is a good that experiences an increase in its demand due to a rise in consumers' income. Normal goods has a positive correlation between income and demand. Examples of normal goods include food staples, clothing, and household appliances.

Answer 2

Answer:

This is the answer for the question dear moderator sir