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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
What do you mean by an ‘inferior good’? Give some examples.
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Answer

An inferior good is one whose demand (or consumption) falls with rise in income and rises with fall in income of the consumer, e.g. jowar and bajra, khadi cloth, toned milk, bidies.

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