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 sentence contains an infinitive or infinitive phrase? A. Visit us next week and tell us about your trip. B. Tamar is planning to go to the zoo near her
The feeling of fervent devotion toward one’s nation above all others is known as?
A car seller buys a car from a manufacturer for $8,000. He increases the cost by 6 percent. What is the markup value?
what does displacement describe?
what is 1/2 + 9/10 + m + n=2?
The theory of plate tectonics explains all of the following except A. earthquakes. B. continental movement. C. volcanoes. D. weathering.
Highest common factor of 99 and 63
2 employees share 1 job. A girl works Monday Wednesday and Fridays. A boy works Tuesdays and Thursdays. The job pays an annual salary of $28,602. What annual sa
The perimeter of a rectangular sandbox is 28ft. The length is six times the width.
1. How would you phrase your response to Sam to send a clear message that you believe shoplifting is wrong, and you’re not going to do it? Write a one-sentence