Economy, asked by jetlieajai, 8 months ago

When income increases,demand for an interior goods

Answers

Answered by Anonymous

$\huge\blue{\fbox{\fbox{\pink{\mathcal{ANSWER}}}}}$
The demand for inferior goods is mostly determined by consumer behavior. Due to their affordability, such goods are consumed by consumers with low income. However, when a consumer's income increases, he or she can afford the more expensive substitutes.
$<body bgcolor=white><marquee scrollamount="3" direction="left">$
༆ʜᴏᴘᴇ ɪᴛ's ʜᴇʟᴘs༆

Answered by ganeshsahni57209

Answer:

The demand for inferior goods is mostly determined by consumer behavior. Due to their affordability, such goods are consumed by consumers with low income. However, when a consumer's income increases, he or she can afford the more expensive substitutes.

Previous Question

Next Question