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Today General Knowledge(GK)
On an indifference map, if the income consumption curve slopes downwards to the right it shows that
A)
X is an inferior good
B)
Y is an inferior good
C)
Both X and Y are superior goods
D)
Both X and Y are inferior goods

Correct Answer : Option (B) - Y is an inferior good


Published On : May 18, 2021
Category : Business and Economics
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