For an inferior good, demand falls when -

Related MCQs

• In the case of an inferior good, the income elasticity of demand is :
• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• When the demand for a good increases with an increase in income, such a good is called -
• When price of a substitute of commodity falls, the demand for -
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• What will be the effect on inferior commodities when income of the consumer rises?
• When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will -
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -