Q8 Explain how do the following influence demand for a good: 4 a) Rise in income of the consumer - Economics - Correlation

Question

Q8 Explain how do the following influence demand for a good: 4
a) Rise in income of the consumer when good is an inferior good Use
Diagram
b) fall in price of substitute good

Bharat Maheshwari · Accepted Answer

Q8. Explain how do the following influence demand for a good: 4 a) Rise in income of the consumer when good is an inferior good. Use Diagram. b) fall in price of substitute good

Q8. Explain how do the following influence demand for a good: 4 a) Rise in income of the consumer when good is an inferior good. Use Diagram.

b) fall in price of substitute good