Q. In question No. 286 if the price is increased to `11 per unit and the demand sharply falls to 20 unit, wecan say that the goods are …………….. (Solved)
1. Essential goods
2. Luxury goods
3. Inferior goods
4. None of these
- b. Luxury goods
1. Essential goods
2. Luxury goods
3. Inferior goods
4. None of these