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If a good is inferior, then the consumer buys more of it when their income decreases, and less when their income increases.
Let's think about the scenario given. The consumer has two goods available, and when their income decreases, they buy more of both goods. How is this possible? The consumer's budget set has shrunk, so the total value of what they buy must go down, but we're predicting that consumption of each good goes up. We therefore must conclude that it is impossible for both goods to be inferior.
The technological function of calcium propionate in bread is as a/an:
Which of the following is not matched correctly?
Application of heat to chick during their early part of life
Paddy and straw are an example of
Which of the following technique is used to reduce soil erosion, evaporation, kinetic energy impact of rain drops?
Which of the following chemical is used in polyploidy?
Photoperiodism is a
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NDDB was established with the objective of taking up the activity of
_____ is the physiological disorder of strawberry due to lack of fruit colour during ripening in which fruit remian irregular pink or even totally whit...