Given below are two statements – one is labelled as Assertion (A) and the other is

March 2, 2020 11:58 am

Choose Your Answer:

ABoth (A) and (R) are true and (R) is correct explanation of (A)

BBoth (A) and (R) are true and (R) is not correct explanation of (A)

C(A) is true but (R) is false

D(A) is false but (R) is true

Eduncle Best Answer
When income of a consumer increases, the demand for inferior goods decreases. This is called negative income elasticity of demand.

Likes(0) Reply(0)

Head Office :

MPA 44, 2nd floor, Rangbari main Road Mahaveer Nagar II, Kota (Raj.) - 324005

Branch Office (Jaipur):

Shyam Tower, Plot No. F2, 6th Floor Amrapali Circle,
Vaishali Nagar, Jaipur, Rajasthan 302021

Mail: info@eduncle.com