An inferior good is one
...An inferior good is one
That is too bad for consumption
Whose price is lower than the price of other goods
That is easily perishable
Whose demands fall when the income of its consumer increases
That is not durable
Correct answer is D
No explanation has been provided for this answer.
Foreign exchange control in Nigeria is administered by the ...
Examples of joint stock banks are ...
Terms of trade is used to describe ...
Which of the following is NOT true about specialization or division of labour? ...
A characteristic of the linear production function is that ...
Goods for which demands rises as income rises are ...
A sustained increase in the per capita income of a country over a period of time is called ...
Agriculture is central to Nigeria's economic development because ...