Is product X a normal or an inferior good? Explain
1
Expert's answer
2019-03-20T11:03:30-0400
An inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases). Normal goods are those goods for which the demand rises as consumer income rises.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment