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Explain with the help of diagrams the effect of the following changes on the demand of a commodity: A fall in the income of the buyer - Economics

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प्रश्न

Explain with the help of diagrams the effect of the following changes on the demand of a commodity:

A fall in the income of the buyer

आकृति
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उत्तर

Income of the consumer is plotted on the Y-axis and the quantity purchased of a commodity is plotted on the X-axis. The nature of relation between income and demand for normal goods is shown by the curve NG. 

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अध्याय 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [पृष्ठ २८]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 6. (ii) | पृष्ठ २८
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