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An inferior commodity is one which is consumed in smaller quantities when the income of consumer

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An inferior commodity is one which is consumed in smaller quantities when the income of consumer

A).  Becomes nil

B).  Remains the same

C).  Falls

D).  Rises


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Answered by on | Votes 0 |

 Rises



An inferior commodity is one which is consumed in smaller quantities when the income of consumer Rises. In economics, an inferior good is a good whose demand decreases when consumer income rises unlike normal goods, for which the opposite is observed.

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