Question

With an increase in income consumer decreases the consumption of which good?
a. Inferior goods
b. Normal goods
C. Giffin goods
d. Both A and B​

Answer 1

Answer:

It shifts inward when a consumer's income decreases. An inferior good is one whose consumption decreases when income increases and rises when income falls. The demand curve for an inferior good shifts out when income decreases and shifts in when income increases

Explanation:

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Answer 2

Answer:

both a and b becz his income increase and he buy the goods which one is better