An increase in income leads to decline in demand of an inferior good but a fall in price leads to decline in demand of an inferior good only when it is a giffen good as well. But all inferior goods are not giffen and the question only mentions inferior good. Therefor option b is correct.
Which of the following can be a scheduled bank?
शरीर में हीमोग्लोबिन का कार्य है ?
Which place in the country is famous with the name 'Palace of Winds'?
Across which river is the Nagarjuna Sagar Dam constructed?
Identify the highest peak in Arunachal Pradesh.
Which is incorrect about T-Bills?
Analysis of any financial Statement comprises
Which of the following e-commerce firm has launched a brand named MarQ?
Government’s mission for Financial Inclusion is called as -
The World Trade Organization (WTO) ministerial meeting for 2017 is to be hosted by