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What will happen to the demand …

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What will happen to the demand of inferior good if the income of the consumer falls

    • Posted by Prashant Singh 7 years, 5 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Devansh Agrawal 7 years, 5 months ago

    When the income of the consumer falls then the demand of inferior goods increase because there is a inverse relationship between the income of the buyer and the demand of the good.

    0Thank You

    Manisha Agarwal 7 years, 5 months ago

    It will increase as inferior goods arrogant low prices the consumer with less income will prefer to have them

    0Thank You

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