When individuals income falls (everything remain the same) his demand for an inferior good

Related MCQs

• When individuals income falls (everything remain the same) his demand for a normal good
• For a giffen good, when price falls
• Inferior goods are the goods with
• When price of a product falls, more of it is purchased because of
• Other things being equal a decrease in demand can be caused by
• Engel curve for giffen good is
• If negative income effect is less than positive substitution effect : the product will be