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Stationary/ Food Supplies

For the infer...

Question

For the inferior goods, demand falls when ______.

A

price rises

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B

income rises

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C

price falls

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D

income falls

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Solution

The correct option is A income rises
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

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