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

What feature do horror and science fiction have in common? Both genres create suspense by playing on readers' fears. Both genres refer to scientific concepts an
What are some things that help have a positive credit history? Write at least 2 sentences and 2 examples. Something that contributes a positive credit history
Is this right? Or am I wrong?
What is newspeak? According to the 1984 Novel
Why is this a Jim Crow Law? The schools for white children and the schools for African-American children shall be conducted separately.
Find the length of the arc round your answer to the nearest 10th
help me with this please
6. In the year 1980, the median price for a house in New Hampshire was $95,000. By the year 2000, the median house value has appreciated to $133,300. What was t
Two numbers are consecutive positive multiples of 3. Three times the larger of the numbers is 7 10 of 5 times the smaller. What are the numbers?
If anyone has Insta could you please report my old account the username is ashlynnneill and the reason I want someone to report it is so it would get taken down