1.

True or False with valid reason ,, In case of inferior goods law of demand fails??

Answer»

Heya.....

See here for your answer......

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In case of inferior GOODS law of demand FAILS....??

False ,,

Reason ---

Law of demand fails only when negative income effect is greater than SUBSTITUTION effect , but in inferior good substitution effect is greater than income demand , do it doesn't fails...

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