If the demand for a good falls when income falls. then the good is called a(n)

If the demand for a good falls when income falls, then the good is called

a. an inferior good.
b. a normal good.
c. a regular good.
d. an ordinary good.

Answer

Answer: If the demand for a good falls When income falls, then the Good is called normal goods. Normal goods has a Postivie correlation between income and demand.

Leave a Comment