In case of a inferior good, which of the following must be true?

The demand curve for good will be horizontal.
The demand curve for good will be vertical.
An increase in consumer income will decrease the demand for the good.
A decrease in consumer income will decrease the supply of good.

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 3 : An increase in consumer income will decrease the demand for the good.

An increase in consumer income will decrease the demand for the good, because it was inferior and consumer can buy a good quality of product now.

4 views Answered 2022-09-04 04:29

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