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प्रश्न
Define an inferior good.
व्याख्या
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उत्तर
An inferior good is the good the demand for which falls with an increase in the income of the consumer. For example, the demand for an inferior (coarse) food like maize or bajra may decrease when the income of the consumer increases beyond a particular level, as he may substitute maize with a superior food like wheat or rice.
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