Those goods the demand for which falls with increase in income and increases with fall in income of the consumer are called ______.

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KollegeApply · Accepted Answer

Those goods the demand for which falls with increase in income and increases with fall in income of the consumer are called inferior goods. Explanation: Inferior goods are those goods for which demand decreases when income increases, and demand increases when income decreases. Consumers tend to replace inferior goods with better-quality (normal) goods as their income rises.

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