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marishachu [46]
1 year ago
9

If a decrease in income leads to an increase in the demand for sardines then sardines are?

Business
1 answer:
frosja888 [35]1 year ago
7 0

If a decrease in income leads to an increase in the demand for sardines then sardines are an<u> inferior good.</u>

What is demand?

Demand can be defined as the amount of goods consumer are ready and willing to buy at a particular period of time.

On the other hand an inferior good occur when a product that is highly in demand begin to fall or drop because the people does not demand for the product again and this can happen when income rises.

Therefore If a decrease in income leads to an increase in the demand for sardines then sardines are an<u> inferior good.</u>

Learn more about demand here:brainly.com/question/1245771

#SPJ1

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