In two commodity worlds if one good is inferior then the other must be
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.
What is xeriscaping?
The Rural Infrastructure Development Fund (RIDF) was established by which organization?
Match List-I with List-II and select the correct answer using the codes given below the list.
Which one is not the component communication?
Most suitable soil for groundnut cultivation is
The most critical stage for irrigation in wheat is:
When scientist demonstrate the improved technology in the farmers’ field to increase the productivity and have higher yield and economic benefits vis ...
The type of germination observed in pigeon pea?
In a normally distributed population, number of observation faling within the range Mean ± S.D. is approximately __________%
Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R):
Assertion (A): Tetrazolium test imparts...