Inferior goods are those whose income effect is:

Related MCQs

• Income consumption curve of an inferior commodity is
• If negative income effect is greater than positive substitution effect : the product will be
• Substitution effect takes place when price of the commodity becomes:
• Price effect is
• When the expected utility is greater than utility of the certail income
• The marginal utility curve of income curve is a straight line for
• In case of normal goods, demand curve shows:
• Which of the following pairs represents substitute goods?