Search SchoolNGR

Tuesday, 05 May 2026
Register . Login

Goods are described as inferior if their demand ____________

Goods are described as inferior if their demand ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Decreases as price falls
  • B Increases as income rises
  • C Decreases as income increases
  • D Increases as price increases
Correct Answer: Option C
Explanation:
In economics, an inferior good is a good whose demand drops when people's incomes rise. T

Share question on: