UPenn4802 UPenn4802
  • 03-02-2020
  • Business
contestada

The distinction between a normal and an inferior good is

Respuesta :

ewomazinoade ewomazinoade
  • 04-02-2020

Answer:

Normal good are goods whose demand increases when income increases and falls when income falls. They exhibit a positive relationship with income.

Inferior goods are goods whose demand falls when income increases and whose demand rises when income falls.

Explanation:

Answer Link

Otras preguntas

Find the perimeter. Write your answer as a fraction or as a whole or mixed number. 3 1 4 in 112 in 1 in 12 NA 1 1 in . inches
can some one answer this question please show work
A gymnast currently stretches her hamstrings by bending forward at the waist and touching her fingers to the ground for 15 seconds, five days per week. To impro
Smokecity, Inc., manufactures barbeque smokers. Based on past experience, smoke city has found that it’s total annual overhead costs can be represented by the f
The most important supplier that a meetings and special events planner works with is caterers. O True O False
PLS HELP ME !! I REALLT NEED HELP
important of litosphere to man​
The Earth's biosphere is consists of A(only the water on Earth that is in its solid form. B(all of the Earth's water, including surface water, groundwater, sno
Question 1 of 10 How do tariffs act as barriers to trade? A. Tízy tax imported goods in order to increase their price. B. They use government funds to lower the
train covers 20 km in one hour then how much distance will it cover in 1 min?