हिंदी

Answer the Following Question. Discuss the Relationship Between the Income of the Consumer and Demand for a Commodity with Respect to Normal Goods, Inferior Goods, and Necessities.

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प्रश्न

Answer the following question.
Discuss the relationship between the income of the consumer and demand for a commodity with respect to normal goods, inferior goods, and necessities.

एक पंक्ति में उत्तर
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उत्तर

 A normal good: Demand will increase and the demand curve will shift towards the right.
An inferior good: Demand will decrease and the demand curve will shift towards left.

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2014-2015 (March) Set 1
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