If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as
normal
abnormal
inferior
superior
scarce
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The answer is giffen goods ooo
If at all you are to pick an answer it should be abnormal goods
Inferior goods, though an abnormal good, is defined as any good that once income increases the consumer demands less of it. Not when the price reduces ooo. I REPEAT THAT IS FOR GIFFEN/ABNORMAL GOODS PLEASE MY SCHOOL DO SOMETHING ABOUT THIS QUESTIONS WE DON'T WANT TO BE MISLED THANK YOU
Before I forget the types of exceptional/abnormal goods include:
1. Inferior goods
2. Giffen goods
3. Articles of Ostentation/luxury goods
Abnormal demand can also occur when there is an expectation of future of increase.
Take note can I get I like 😊👍
Abnormal goods, demand increase wen income increase and fall wen income fall. so also to inferior goods. not much different
