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Income Elasticity
:max_bytes(150000):strip_icc()/inferior-good-edit-7537b29d5d474cc0a36dfc125ea60957.jpg "Inferior Good: Definition, Examples, and Role of Consumer Behavior")
Inferior Good: Definition, Examples, and Role of Consumer Behavior
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Income Elasticity of Demand: Meaning, Formula, Examples etc.
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Income Elasticity
Normal vs. Inferior Goods | Definition, Examples & Demand Curve - Video & Lesson Transcript | Study.com
In the case of an inferior commodity, the income elasticity of demand is:a)Positiveb)Unitaryc)Negatived)InfinityCorrect answer is option 'C'. Can you explain this answer? - EduRev UGC NET Question
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