In this video, you will learn:
1) Meaning of Inferior goods
2) Recap Substitution Effect and Income Effect
3) Effect on Inferior Goods as the price increases
4) Effect on Inferior Goods as the price decreases
5) Analyze graphs and study cases for better understanding
Mr. Utkarsh Bhargava is Economics honors graduate from Delhi University and Masters in Economics. He is a central government awardee for his excellent results in 2015. He is an official CBSE subject expert and NCERT resource person and PGT Economics at Mayo International school since 2014.
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