Difference between normal goods and inferior goods

Question

Answer

An Inferior good is a good whose demand decreases when consumer income wise list of demand increases when consumer income decreases enlight normal goods for which the opposite is observed normal goods are those words for which the demand Rises as consumer income rises

Answer

normal goods are the goods which v use for daily life or they r good quatity of goods and inferior goods are bad quality of goods

Answer

1)Normal goods increase in demand as the income of the consumer increases n vice a versa 2)Eg. Clothes ...explain karo isko3)diagram1)inferior goods decrease in demand as the income increases n vice a versa 2)Eg. Coarse cereals ...explain3)diagram

Answer

The goods for which demand increases when the income increases and vice versa is called as normal goods. The goods for which the demand decrease when the income of the person increase and vice versa is called as inferior goods.

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In short the good with positive relationships with the income of the consumer is called normal good n those good showing negative relationships with the income of the consumer is known as inferior goods..

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and also called as giffen or inferior goods..

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