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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour2 Marks
Question
Normal good and Inferior good.
✓

Answer

When the increase/decrease in income of a buyer of a commodity results in increase/decrease in its demand, it is called a normal commodity and if it results in decrease/increase in demand it is called an inferior commodity.

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