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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
When is a good considered an inferior good?
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Answer

A good is considered an inferior good if with an increase in the income of the consumer, the demand for the good falls and as the income of the consumer decreases the demand for the good rises.

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