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MICROECONOMICS CH : 5 THEORY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 5 THEORY OF DEMAND2 Marks
Question
What do you mean by an 'inferior good'? Give some examples.
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Answer

It is a good whose demand decreases with rise in income and increases with fall in income of the consumer. So that, there is inverse (or negative) relation between income and quantity demanded.
Example: Coarse cloth, coarse grain.

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