Examlex
How does a firm know whether it has the correct number of suppliers?
Inferior
A type of good for which demand decreases as the income of consumers increases.
Normal Good
A good whose demand increases as the income of consumers increases, and vice versa.
Normal Good
A type of good for which demand increases as the income of consumers increase, demonstrating a positive correlation between income and demand.
Inferior Good
A type of product whose demand decreases when the income of consumers increases, inverse to normal goods.
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