Question

when there is an increase in price of goods,the demand for the goods doesn't change at all. what type of goods are these? options normal, giffen, inferior or necessities​

Answer 1

Answer:

An increase in the inferior good's price means that consumers will want to purchase other substitute goods instead but will also want to consume less of any other substitute normal goods because of their lower real income.

Explanation:

An inferior good occurs when an increase in income causes a fall in demand. An inferior good has a negative income elasticity of demand. ... For example, a person on low income may buy cheap gruel. But, when his income rises, he will afford better quality foods, such as fine bread and meat.there will always be some sort of demand for Inferior Goods because peoples' incomes are not fixed which means they can go up and down which would cause people to buy inferior goods. The demand for Inferior Goods could decrease if income became fixed.In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises.

Answer 2

Answer:

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