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प्रश्न
When income increases, the demand for ______ type of good will increase.
विकल्प
inferior goods
giffen goods
normal goods
coarse goods
उत्तर
When income increases, the demand for normal goods type of good will increase.
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संबंधित प्रश्न
With an increase in income, the consumption of which good, the consumer reduces ______.
The demand for a Good X increases when the price of its substitute ______ OR when the price of its complements ______.
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement.
Reason (R): The demand for a commodity is always expressed with references to price and time.
What do you mean by complementary goods?
Explain any three determinants of market demand.
Explain how quantity demanded for commodity X will be affected by Consumer credit facility.
Give the meaning of Income demand.
Give two examples of substitute goods.
Give an example of Giffen goods.
Car and petrol are examples of ______ demand.
