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प्रश्न
True or False with Reasons:
If a household buys more of a commodity due to rise in income, then the given commodity must be an inferior one.
चूक किंवा बरोबर
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उत्तर
This statement is false.
Reason:
- Demand for an inferior good generally falls when income rises.
- If a household buys more of a commodity as income rises, that commodity is a normal good for that household.
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