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If a good is inferior, then the consumer buys more of it when their income decreases, and less when their income increases.
Let's think about the scenario given. The consumer has two goods available, and when their income decreases, they buy more of both goods. How is this possible? The consumer's budget set has shrunk, so the total value of what they buy must go down, but we're predicting that consumption of each good goes up. We therefore must conclude that it is impossible for both goods to be inferior.
Which of the following box is kept just below the box which contains Push – pin?
How many floors are there between W and S?
How many person(s) were born between Ganesh and Manju?
Which of the following combination is true?
Who among the following live on the odd floor?
I. O
II. J
III. C
___ and ___ don't live in same type of flat.
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On which day does Z conduct the workshop?