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प्रश्न
If a good is inferior good, then purchases of that good will decrease when ______.
पर्याय
The supply of it increases
Population increases
Income increases
The price of a substitute rises
उत्तर
If a good is inferior good, then purchases of that good will decrease when income increases.
Explanation:
For an inferior good, as income increases, consumers typically reduce their purchases of that good and instead buy more expensive or higher-quality alternatives.
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संबंधित प्रश्न
Increase in demand is caused by
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| Period | Price (₹ per kg) | Amount Bought (kg) |
| Jan. 2000 | ₹ 15 | 4 |
| Feb. 2000 | ₹ 16 | 5 |
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