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In case of inferior goods,law of …

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In case of inferior goods,law of demand fails??

    • Posted by Chitra Sharma 7 years, 6 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Chitra Sharma 7 years, 6 months ago

    noo i think it does not always fail. law of demand fails only when negative income effect is greater than substitution effect. this fails in case of giffin goods

    1Thank You

    Aayushi Pandey 7 years, 6 months ago

    Yes

    0Thank You

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