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Goods are described as inferior if their demand

Economics
WAEC 2020

Goods are described as inferior if their demand

  • A. decreases as price falls
  • B. increases as income rises
  • C. decreases as income increases
  • D. increases as price increases
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Correct Answer: Option C
Explanation

In economics, an inferior good is a good whose demand drops when people's incomes rise. T

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