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As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will: - Economics

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Question

As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:

Options

  • Move upward along the same demand curve.

  • Move downward along the same demand curve.

  • The demand curve will shift to the right.

  • The demand curve will shift to the left.

MCQ

Solution

The demand curve will shift to the left.

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