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What is difference between normal goods …

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What is difference between normal goods and inferior goods

    • Posted by Nishu Nishu 7 years, 8 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Devashree Das 7 years, 8 months ago

    While inferior goods are low quality goods. It is inversely related to the income of consumer.It means when the income of consumer increases the demand of inferior good decreases and when the income of consumer decreases, the demand increases.

    1Thank You

    Devashree Das 7 years, 8 months ago

    Normal goods are better quality goods.It is directly related with the income of consumer. It means when the income of consumer increases, the demand of normal good also increases and when the income of consumer decreases ,the demand also decreases.

    3Thank You

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