Home › Bihar Board Class 12 (Arts) › Economics › Theory of Consumer Behaviour › Which of these is given as an example of an infe…
Which of these is given as an example of an inferior good?
ACoarse cereals
BMotor cars
CGold jewellery
DAir travel
Answer & Solution
Correct answer: A. Coarse cereals
Low quality food such as coarse cereals is bought less once income rises and people switch to better food.
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