Business Studies, asked by nishant2263, 1 year ago

which is the correct option.If the demand of coffee decreases as income decreases,coffee is
a.An inferior goods
b.a normal goods
c.complemenatry goods
d.a substitute goods​

Answers

Answered by vidhiawasthi
2
c- a complemenatry goods
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Answered by Arslankincsem
2

Explanation:

Here the correct option will be c. complementary goods. If the demand of coffee decreases as income decreases, the coffee here is a complementary goods. Here rest of the options are eliminated. here the right option is option c. complementary goods. It is proportionately related to the income, as people will not buy when there will be decrease in the income.

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