Inferior goods are the goods with

Related MCQs

• Income elasticity of demand for inferior goods is:
• When an individual’s income falls, when everything else remains the same, his demand for inferior goods:
• When individuals income falls (everything remain the same) his demand for an inferior good
• Income consumption curve of an inferior commodity is
• The Price and quantity relationship for an inferior good is:
• If both the products X & Y are normal goods
• When investment is negatively related to the rate of interest, equilibrium output in the goods market:
• Simultaneous equilibrium in the money (LM) and goods (IS) market exists:
• Why do not the sale or purchase of used goods are not included in the GDP?
• Inventories are unsold goods produced by a firm, then why do they are included in GDP?