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Business Data Management · End Term · 1 Sept 2024 · May 2024 term

BDM End Term 1 Sept 2024 — Question 3

Question 3

+1 markOne correct option

What kind of goods’ demand decreases as income increases?

  1. A

    Superior Good

  2. B

    Inferior Good

  3. C

    Luxury Good

  4. D

    Supply Good

Show answer

Correct answer

  • B

    Inferior Good

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Question 3 of 23 in the IIT Madras BS Business Data Management (BDM) End Term paper sat on 1 Sept 2024, in the May 2024 term (IIT M FOUNDATION DIPLOMA FN EXAM QDF1 01 Sep 2024). It carries 1 mark.

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