Question
An inferior good is one for which an increase in income causes a(n)
More Econometrics Questions
- If a 1 percent decrease in the price of a pound of squash results in a larger percentage decrease in the quantity supplied,
- Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
- Income effect states that as price of a good falls, demand rises since there is rise in
- Which of the following statement best describe the role of a “deflator”?
- What should be done in an economy to reduce the effects of recession?
- Which of the following is not a method to calculate GDP?
- Which of the following situations will result after high growth?
- As a result of an increase in consumer incomes, the demand for XYZ good has decreased. Based on this information, what can we definitely say about what typ...
- What is the name given to the difference between value of output and value added?
- Which of the following issues are the reasons behind the inflation in Indian Economy?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)