Advertisements
Advertisements
प्रश्न
Give an example of inferior goods.
उत्तर
Toned milk is an example of inferior goods.
APPEARS IN
संबंधित प्रश्न
State two factors affecting the market demand for a commodity.
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 ______.
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| A. Normal goods | (i) Goods the demand for which tends to fall with increase in income. |
| B. Inferior goods | (ii) Goods which cannot be used in place of one another. |
| C. Substitute goods | (iii) Goods which can be used in place of one another. |
| D. Joint demand | (iv) Goods the demand for which rise with increase in income. |
If price of X increases, then demand for Y too increases. What is the relationship between goods X and Y? Give an example.
If the quantity demanded of commodity X decreases as the householder's income increases. What type of a commodity is X? Give an example.
Differentiate between Giffen goods and inferior goods.
Explain any three determinants of market demand.
Explain how quantity demanded for commodity X will be affected by An increase in the price of its substitute.
Define market demand.
Give the meaning of Price demand.
Define complementary goods.
Give two examples of complementary goods.
Give an example of Giffen goods.
What are Veblen goods?
Car and petrol are examples of ______ demand.
Detergent powder and detergent cake are examples of ______.
