1. _____ goods for which demand goes down as income goes up *

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asked Oct 5, 2022 194k views

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Hartshoj · Answer 1 · 2022-10-09T05:19:44+0000

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In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises.

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1. _____ goods for which demand goes down as income goes up *

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