Economy, asked by ppsingh7900, 1 year ago

What is the shape of demand curve for inferior goods?

Answers

Answered by Anonymous
0
Hey mate ✌️✌️


Demand curve slope downward for inferior goods because it shows inverse relationship between price and quantity demand .


✨ Hope this helps you ✨
Answered by Anonymous
2

\huge\mathfrak\red{Bonjour\:Mate}

\huge\boxed{Answer}_________✌✌

➡️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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