English

Match the statements given under A with the correct options given under B. (A) (i) Normal Goods (ii) Inferior Goods (B) a. Demand decreases with an increase in income

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Question

Match the statements given under A with the correct options given under B.

(A) (B)
(i) Normal Goods a. Demand decreases with an increase in income
(ii) Inferior Goods b. Demand decreases with an increase in price
  c. Demand increases with an increase in price
  d. Demand increases with an increase in income
Match the Columns
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Solution

(A) (B)
(i) Normal Goods d. Demand increases with an increase in income
(ii) Inferior Goods a. Demand decreases with an increase in income
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Chapter 3: Demand - OBJECTIVE QUESTIONS [Page 3.38]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 3 Demand
OBJECTIVE QUESTIONS | Q 5. | Page 3.38
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