When an individual’s income falls, when everything else remains the same, his demand for inferior goods:

Related MCQs

• When individuals income falls (everything remain the same) his demand for an inferior good
• When an individual’s income rises, when everything else remains the same, his demand for normal goods:
• When individuals income falls (everything remain the same) his demand for a normal good
• When individuals income rises (everything remain the same) his demand for a normal good
• Income elasticity of demand for inferior goods is:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is
• Inferior goods are the goods with
• A fall in the price of the commodity holding everything else constant results in:
• Income consumption curve of an inferior commodity is