EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Demand & Its Determinants · Question 33 of 66

Question 33

EasyOriginal question

An inferior good is one whose demand

Options for question 33

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. As income rises, buyers switch from an inferior good to a better one, so its demand falls.

  2. Coarse grains for a household that can now afford better grains are a common example.

Concept
Inferior goods
Typical time
40 s
Your time
—
The rule this testsSubstitutes, complements, normal and inferior goods
Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.

Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.