CBSE Class 12-commerce Answered
In which type of goods, the demand increases even when
income of the buyer reduces?
Asked by Topperlearning User | 25 Apr, 2016, 10:33: AM
Expert Answer
In the case of inferior goods, when the income of the consumer reduces, the consumer tends to increase the consumption of inferior goods.
Answered by | 25 Apr, 2016, 12:33: PM
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT