Explain with an example, what kind of a commodity will have an inverse – InterviewSolution

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1.	Explain with an example, what kind of a commodity will have an inverse relationship between income and demand.
Answer» Inferior goods have an inverse relationship between their demand and income. For example, the demand for an inferior good like maize may decrease when income increases beyond a particular level because the consumers may substitute it by a superior-good like wheat or rice.

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