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JAMB Economics 1981 Question 46

Question 46

Theory of Demand

If the income of a consumer rises and his demand for good X falls, good X can be described as

  1. A.a normal good
  2. B.an abnormal good
  3. C.a good with inelastic demand
  4. D.a good with unitary elastic demand
  5. E.none of the above.
Show the answer and explanation

Answer: E (none of the above.)

Explanation

A good whose demand falls as income rises is an inferior good, which is not one of the options.