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Difference between Normal and inferior Goods …

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Difference between Normal and inferior Goods with one example?

Posted by Nawaz # 5 years ago

CBSE > Class 11 > Economics

2 answers

Mukul Mittal 5 years ago

Normal goods +ve relationship b/w income and demand Inferior good -ve relationship....

0Thank You

Lakshmi Rekha 5 years ago

Normal Goods:-when income increases,demand for such goods will also increase. example:- Milk Inferior Goods:- when income increases, demand for such goods will decreases.example:- Milk powder

0Thank You

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Posted by Divyanshu Singh 3 months, 3 weeks ago

CBSE > Class 11 > Economics