UPenn4802 UPenn4802
  • 03-02-2020
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The distinction between a normal and an inferior good is

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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:

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