UPenn4802 UPenn4802
  • 03-02-2020
  • Business
contestada

The distinction between a normal and an inferior good is

Respuesta :

ewomazinoade ewomazinoade
  • 04-02-2020

Answer:

Normal good are goods whose demand increases when income increases and falls when income falls. They exhibit a positive relationship with income.

Inferior goods are goods whose demand falls when income increases and whose demand rises when income falls.

Explanation:

Answer Link

Otras preguntas

Which expression can be used to change 75 kilometers per hour to meters per minute?
find the point on the y-axis that is equidistant from (6,1) (-2,-3)
List all the commonwealth games mascots from 1982-2014
How many hours are 180 minutes
List all the commonwealth games mascots from 1982-2014
in a parallelogram one angle is 9 times the size of another. find the measures of the angles
State whether the following statements are true or false. Justify.(i) For an arbitrary binary operation * on a set N,  a * a = a ,  for all a * N.(ii) If * is a
'for a good cause if you are determined you are able to overcome any obstacle'. explain
Compute the value of the discriminant and give the number of real solutions to the quadratic equation: 3x^2 - 7x + 9 = 0
Is the E-CIG industry more "safe" than the actual tobacco companies? Why? If someone offered you E-CIGS than cigarettes would you say yes or no? Why?Full Paragr