WAEC Economics 2011 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
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Goods for which demand rises as income rises are
- A. A. complementary goods
- B. B. inferior goods
- C. C. normal goodsCorrect
- D. D. substitutes
Explanation
Normal goods are the goods that have positive relationship with consumer's income. They increase as income increases and decrease as income falls.
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