Question
In two commodity worlds if one good is
inferior then the other must beSolution
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.
Ooze test is used for the detection of ___
The grape variety "Sonaka" used for which purpose?
Price elasticity of supply of food products is generally
Loose smut of wheat is caused by
Which fungal disease affects rice plants and is characterized by white, powdery growth on leaves and stems?Â
Alkalization also called:
ICAR- Indian Institute of Rice Research is situated atÂ
Stage of sunflower growth which is most sensitive to moisture stress?
Etawah Pilot Project was launched under the leadership ofÂ
What is the primary objective in the cotton ginning process?