In case of _______ goods, demand increases with decrease in income of the consumer.

inferior goods

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complementary goods

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normal goods

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all of the above

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Solution

The correct option is B inferior goods
In the case of inferior goods, negative relation is found between demand and the income of the consumer. So demand increases with a decrease in income.

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In case of _______ goods, demand increases with decrease in income of the consumer.

The correct option is B inferior goodsIn the case of inferior goods, negative relation is found between demand and the income of the consumer. So demand increases with a decrease in income.

The correct option is B inferior goods
In the case of inferior goods, negative relation is found between demand and the income of the consumer. So demand increases with a decrease in income.