What is the shape of demand curve for inferior goods?
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Demand curve slope downward for inferior goods because it shows inverse relationship between price and quantity demand .
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Demand curve slope downward for inferior goods because it shows inverse relationship between price and quantity demand .
✨ Hope this helps you ✨
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➡️The demand curve for an inferior good, which is a good for which demand decreases when income increases, is downward sloping (that is, quantity demanded for the good increases when the price of the good decreases, and vice versa).
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