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For an inferior good, a decreased in real income will lead to?
Classroom
Economics Classroom
Jamb
Jamb 2003
The Theory Of Price Determination
Equilibrium Price And Quantity In Product And Factor Markets
More Topics
For an inferior good, a decreased in real income will lead to?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
A lower equilibrium price
B
A change in quantity demanded
C
An outward shift of the demand curve
D
An inward shift of the demand curve
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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