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.
Select the correct direct form of the given sentence.
Tom said that he would paint the fence himself.
Select the correct indirect form of the given sentence.
I said, “What a remarkable likeness between the two sisters!”
The Chairman told his assistant that he …………… him.
Mohan will say, "I want two persons to assists me."
Select the option which correctly converts the given sentence into direct speech.
He has said that the soldier stuck to his post till further ord...
Change the following sentence to Indirect Speech.
The passenger asked the ticket collector, "Is this train running late?"
He said to me, "May God bless You."
The officer said, "I am very busy now".
She ate the sweets greedily.