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Complete the following statement: The relationship between income and demand for inferior goods is ______. - Economics

MCQ

Complete the following statement:

The relationship between income and demand for inferior goods is ______.

Options

  • direct

  • inverse

  • no effect

  • can be direct and inverse

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Solution

The relationship between income and demand for inferior goods is inverse.

Concept: Demand Analysis
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 3.1 Demand Analysis
Exercise | Q 1. (2) | Page 25
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