Business Studies, asked by DollyMahanta, 2 months ago

What will be the shape of Income consumption curve (ICC): Case A: X is an
inferior good, Y is superior good​

Answers

Answered by Hibaahsan87
0

Answer:

If income effect for good X is negative, income consumption curve will slope backward to the left as ICC in fig 8.31. If good Y happens to be an inferior good and income consumption curve will bend towards X-axis as shown by ICC”

Previous Question
Next Question
Similar questions
Science, 1 month ago
. Multiple choice question 2. In the combustion process carbon combined with ________ option 1. Oxygen. 2. Nitrogen. 3. Carbon dioxide 4. Water vapour ​...
Math, 1 month ago
5/x+ 3y = 8; 4/x-10y = 56. method of comparison​...
Math, 1 month ago
If each side of triangle is doubled then find the ratio of area of new triangle thus formed and the given triangle. ​
Math, 2 months ago
A university has its own hostel for its students. It provides fooding and lodging to the students Due to festive season some of the students are left for their home and 190 students stays in the hostel. There is a food provision for 20 days for these students: How long the food will last if 25 more students decide to stay back in the hostel? a) 12 days b) 13 days c) 16 days d) 14 days.. if u...
Science, 2 months ago
Draw a well labeled diagram of plant cell. Don't spam! ​
Physics, 8 months ago
student has added to methyl orange to pure water what change will be notice​...
Music, 8 months ago
Name any three famous dholak players.​
English, 8 months ago
meaning of nouns in English​...