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A same good can be inferior …

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A same good can be inferior as well as normal.justify the statement

    • Posted by Sakshi Sharma 7 years, 2 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sakshi Singla 7 years, 2 months ago

    That is, when the consumers' incomes rise, demand for these goods falls and when consumers' incomes fall, demand for these goods rises. ... If consumers' income goes up, demand for a good cannot go up (normal good) and down (inferior good) at the same time. Therefore, a good cannot be both normal and inferior.

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