![In the case of an inferior commodity, the income elasticity of demand is:a)Positiveb)Unitaryc)Negatived)InfinityCorrect answer is option 'C'. Can you explain this answer? - EduRev UGC NET Question In the case of an inferior commodity, the income elasticity of demand is:a)Positiveb)Unitaryc)Negatived)InfinityCorrect answer is option 'C'. Can you explain this answer? - EduRev UGC NET Question](https://edurev.gumlet.io/ApplicationImages/Temp/4d87afa0-a07e-443d-88d6-6836cc7692a7_lg.png)
In the case of an inferior commodity, the income elasticity of demand is:a)Positiveb)Unitaryc)Negatived)InfinityCorrect answer is option 'C'. Can you explain this answer? - EduRev UGC NET Question
![Normal vs. Inferior Goods | Definition, Examples & Demand Curve - Video & Lesson Transcript | Study.com Normal vs. Inferior Goods | Definition, Examples & Demand Curve - Video & Lesson Transcript | Study.com](https://study.com/cimages/multimages/16/demandcurvenormalgoods3767095218660764884.jpg)
Normal vs. Inferior Goods | Definition, Examples & Demand Curve - Video & Lesson Transcript | Study.com
![Income Elasticity of demand||in case of Normal Goods|Inferior goods|necessary goods & Luxury goods|| - YouTube Income Elasticity of demand||in case of Normal Goods|Inferior goods|necessary goods & Luxury goods|| - YouTube](https://i.ytimg.com/vi/MpyGAXiPF6w/sddefault.jpg)
Income Elasticity of demand||in case of Normal Goods|Inferior goods|necessary goods & Luxury goods|| - YouTube
![Normal vs. Inferior Goods | Definition, Examples & Demand Curve - Video & Lesson Transcript | Study.com Normal vs. Inferior Goods | Definition, Examples & Demand Curve - Video & Lesson Transcript | Study.com](https://study.com/cimages/multimages/16/demandinferiorgoods3276148996012113939.jpg)