A good is said to be inferior if its demand
...A good is said to be inferior if its demand
Rises as it price rises
Falls as it price rises
Rises as it price falls
Is perfectly inelastic
Correct answer is B
No explanation has been provided for this answer.
Which of the following is an invisible item? ...
What is the ratio of expenditure on health to agriculture? ...
Which of the following are the major disadvantage of direct system of taxation? i. Dis...
An outward shift of the production possibility curve shows that ...
Banks can create more money by ...
To which of the following sectors do services belong? ...
A demand which gives rise to the reverse of the law of demand is__________ ...