UPenn4802 UPenn4802
  • 03-02-2020
  • Business
contestada

The distinction between a normal and an inferior good is

Respuesta :

ewomazinoade ewomazinoade
  • 04-02-2020

Answer:

Normal good are goods whose demand increases when income increases and falls when income falls. They exhibit a positive relationship with income.

Inferior goods are goods whose demand falls when income increases and whose demand rises when income falls.

Explanation:

Answer Link

Otras preguntas

The perimeter of a rectangular plot is 36 metres. The length is 6 metres more than the width. What is the area of the rectangular plot?​
Give answer of following question ?​
Write three to five sentences explaining any strategies you used and what new understanding you gained from the text as a result of reading it aloud.
the diagram shows a regular dodecagon. a) work out the size of one interior angle. b) work out the size of one exterior angle.
what is energyand how it works?​
What is the mass number of an ion with 106 electrons, 157 neutrons, and a +1 charge?
anoyo ng neokolonyalidmo​
What would be the best topic sentence for the following paragraph?" At the end of the half it was clear why The Cowboys were the heavy favorite with The Eagles
How to find the surface area of a cuboid
List and explain five (6) types depositional plains.​