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Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
MCQ
What kind of a commodity will have inverse relation between income and demand?
  • A
    Normal good
  • ✓
    Inferior good
  • C
    Essential good
  • D
    Luxury good
✓

Answer

Correct option: B.
Inferior good
B

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