In case of inferior goods, the income elasticity is

1.	In case of inferior goods, the income elasticity is
Answer» Negative In CASE of inferior goods, the income ELASTICITY is Negative. A negative income elasticity of demand is associated with inferior goods; an INCREASE in income will LEAD to a fall in the demand and may lead to changes to more luxurious substitutes.

Answer»

Negative

In CASE of inferior goods, the income ELASTICITY is Negative. A negative income elasticity of demand is associated with inferior goods; an INCREASE in income will LEAD to a fall in the demand and may lead to changes to more luxurious substitutes.

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In case of inferior goods, the income elasticity is

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