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.
As Nitya became ill, errors began to creep ________ her work.
There were spelling and grammar ……………, a pitiful ………….. of her ………….. schooling.
...Be it cash crops or food crops, the _____ is profit and this is what matters _____ any small farmer.
...My brother would tell me stories about the War which I would later attempt ________ in the headlines in the newspaper.
The brutal incident ………a ……… of ………….. in the society.
Fill in the blanks in the following sentences with the help of given options.
After a gap of two years, he has decided to ________to teaching.
He tried to _______ by blaming the problem on his coworker, but nobody believed him.
The Reserve Bank of India has ………… Master directions on the issuance and operation of prepaid payment instruments (PPI) in the country …… pr...
Legend has ______ that it was on a rocky peak near the village ________ the mythological giant eagle of the Ramayana fell while _________ Ravana. The...
Drug prices have gone ………… the ………… of the common man.
