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प्रश्न
Fill in the blanks with appropriate alternatives given in the bracket.
If the price of the inferior goods falls, the demand for them will ________.
विकल्प
1.increase
2.decrease
3.remain constant
4.become zero
उत्तर
If the price of the inferior goods falls, the demand for them will decrease.
Explanation:
In case of inferior goods, when the prices fall, the quantity demanded also falls due to negative income effect as there is a rise in the preferences of superior quality goods by the consumers.
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संबंधित प्रश्न
Give reason or explain the following statement:
Micro economics is also known as price theory.
Write whether the following statement is True or False:
Price theory is the base of micro economic analysis.
Do you agree with the following statement? Give reason.
Micro Economics is known as income theory.
Complete the correlation:
Macro Economics : ______ :: Micro Economics : Price theory.
Complete the correlation:
Macro economic theory : Income and employment : : Micro economics : ______
