English

If a household buys less of a commodity due to rise in income, then the given commodity must be an __________ one.

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Question

If a household buys less of a commodity due to rise in income, then the given commodity must be an __________ one.

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Solution

If a household buys less of a commodity due to rise in income, then the given commodity must be an inferior one.

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Chapter 3: Demand - OBJECTIVE QUESTIONS [Page 3.36]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 3 Demand
OBJECTIVE QUESTIONS | Q 19. | Page 3.36
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