The distinction between a normal and an inferior good is ...

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03-02-2019
Business

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The distinction between a normal and an inferior good is ...

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MsTeel MsTeel · Answer 1 · 2019-02-14T21:54:26+01:00

MsTeel MsTeel

14-02-2019

When income rises, demand for a normal good will go up and demand for an inferior good will go down (because people would rather spend their extra money on the normal/better products).

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