CA Foundation doubt
Any one please give the answer for this question.
Asked by K.Nagasri2 Jul 2024595 views
2 answers
Archana · 2 Jul 2024
Inferior good because it's demand decreased as income increased
Tanish~Sharma · 2 Jul 2024
Its inferior good. Inferior goods have negative income elasticity i.e. if your income increases, you will spend less on these goods.
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