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How does the change in income …

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How does the change in income of the consumer affect the demand of the given good

    • Posted by Ayush Raj 7 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Alisha Wadhwa 7 years, 1 month ago

    In case of normal goods , rise in income leads to the increase in demand and fall in income leads to decrease in demand. In case of inferior goods, there is negative income effect.

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