aracelimoralesp6dywn
aracelimoralesp6dywn aracelimoralesp6dywn
  • 13-11-2019
  • Business
contestada

How does consumer income affect the demand for normal and inferior goods?

Respuesta :

mildredehigiegba
mildredehigiegba mildredehigiegba
  • 13-11-2019

Answer:

to answer this, we have to first understand the meaning of normal and inferior goods. normal goods are goods which demand rises as consumers income rises while inferior goods are the opposite of normal goods because the demand for them increase as the consumers income drops. so when a consumers income drops his demand for inferior goods tends to rise while that or normal goods drop and vice versa

Answer Link

Otras preguntas

Bert saw that 70% of students took a survey. If 56 students took the survey, how many students were there in total? I need help
What was the Harlem Renaissance? Be detailed and specific in definition. elow are individuals from the Harlem Renaissance. Next to their name is a link that inc
I have another math question - You get 50 points for this!!!
Can someone please help what’s the common difference
. Pand Q are points on the line 3y - 4x = 12 a) Complete the coordinates of P and Q. 8 Submit Answer P(0, ,0) 61 5 b) Plot points P and Q on the graph. Use the
Using only 4s and ls, write down the smallest number that is even and divisible by 3
To what extent are cold environments at risk from human activity (9mark)
I'm confusion, can I please get help???
calculate the mass of 0.5mols of CH3COOH​
How did Renaissance literature differ from medieval literature? It focused on religious teachings. It was written by Greeks and Romans. It was copied by hand in