CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
181
You visited us 181 times! Enjoying our articles? Unlock Full Access!
Question

An income demand curve for inferior commodity always slopes _________.

A
upwards to the right
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
backwards to the left
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
downwards to the right
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
horizontally
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B backwards to the left
An income demand curve for inferior commodity always slopes backwards to the left. This is because in case of higher price level the demand for inferior goods is higher, since the purchasing power of the consumer falls and vice versa.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Taxation and Fiscal Policy
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon