Goods for which demand is indirectly (negatively)related to income are called

Name: Goods for which demand is indirectly (negatively)related to income are called
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Question

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Inferior goods are goods for which demand decreases as income increases. This is in contrast to normal goods, for which demand increases as income increases. Substitute goods are goods that can be used in place of each other, while complementary goods are goods that are consumed together.

Goods for Which Demand Is Indirectly (Negatively)related to Income Are