Inferior goods are those whose income effect is:

CA Foundation · Business Economics · MTP · September 2024
Inferior goods are those whose income effect is:
(A) A. Positive
(B) B. Zero
(C) C. Negative
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Negative

Topics: Theory of Demand and Supply

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