Commodities for which the quantity demanded rises only up to a certain level of income and decreases with an increase in income beyond this level…
CA Foundation · Business Economics · PYQS · May 2025
Commodities for which the quantity demanded rises only up to a certain level of income and decreases with an increase in income beyond this level are called:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Inferior goods
Topics: Theory of Demand and Supply
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