An income demand curve for inferior commodity always slopes _______ [Please help for this answer by writing in comments🙏] A. UPWARD TO THE RIGHT B. BACKWARD TO THE LEFT C. DOWNWARD TO THE RIGHT D. HO

Vraj · 6 Dec 2023

Not from*

Vraj · 6 Dec 2023

Can anyone tell me what's difference between option A and B?.... Cause I'm not English medium so language is also a challenge for students like me ...

Kiriti · 4 Dec 2023

Backward to the left.

Kiriti · 4 Dec 2023

Option b is correct answer.

Chaitanya · 4 Dec 2023

B) as an increase in income beyond a certain level leads to decrease in demand the good is inferior good

Notes · 4 Dec 2023

Thanks

Angel · 4 Dec 2023

Option (b) . backwards to the left..... This is because in case of higher price level the demand for inferior goods is higher, since the purchasing power of the consumer falls and vice versa.

Sakshi · 4 Dec 2023

Inferior good

Sakshi · 4 Dec 2023

A change in demand which is caused by a rise in income and the good is an interior good

Notes · 4 Dec 2023

Please explain too?

Rachit · 4 Dec 2023

B)