Question 4
What kind of goods’ demand decreases as income increases?
Superior Good
Inferior Good
Luxury Good
Supply Good
What kind of goods’ demand decreases as income increases?
Superior Good
Inferior Good
Luxury Good
Supply Good
Correct answer
Inferior Good
Question 4 of 15 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 16 Mar 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD2 16 Mar 2025). It carries 1 mark.