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Foreıgn Trade
Foreıgn Trade Deneme Sınavı
Foreıgn Trade Deneme Sınavı Sorusu #1397313
Foreıgn Trade Deneme Sınavı Sorusu #1397313
What refers to the circumstance when the demand for a certain commodity decreases while the income increases?
Income elastic demand |
Income inelastic demand |
Linder model |
Inferior goods |
Hechsner theory |
Yanıt Açıklaması:
Inferior goods: It refers to the circumstance when the demand for a certain commodity decreases while the income increases. Potatoes and rice can be taken as examples for inferior goods. Inferior goods are the commodities that low-income consumers demand.
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