What are the types of good in the demand curve, Biology

Assignment Help:

What are the types of good in the demand curve?

Some types of good are as follows:

• Normal good:

When incomes of consumers/households increase the quantity demanded would increase also for instant the demand curve would shift to right.

• Inferior good:

When incomes of consumers/households increase the quantity demanded would go down as example the demand curve would shift to left.

• Giffen good:

When the price of the good or service increases the quantity demanded would increase also and vice versa as like an example of an upward sloping demand curve.


Related Discussions:- What are the types of good in the demand curve

Phylum placozoa, Phylum Placozoa The phylum Placozoa contains a single...

Phylum Placozoa The phylum Placozoa contains a single species of a minute marine animal Trichoplax adharens composed of a dorsal and ventral epithelial layer enclosing loose m

What is the stage of cellular respiration, What is the stage of cellular re...

What is the stage of cellular respiration during which carbon dioxide is liberated? In aerobic cellular respiration the release of carbon dioxide occurs in the transformation o

Define the criteria for assessment of thiamin status, Define the Criteria f...

Define the Criteria for Assessment of Thiamin Status? Thiamin status has been assessed by measuring urinary thiamin excretion under basal conditions or after thiamin loading, t

Types of mental disorder, TYPES OF MENTAL DISORDER - 1 .       Psycho...

TYPES OF MENTAL DISORDER - 1 .       Psychosis 2 .       Neurosis 3.       Personality & character disorders 1 .       PSYCHOSIS - It effects mental capa

Explain the sub-culturing, Explain the Sub-Culturing? Microbiological s...

Explain the Sub-Culturing? Microbiological studies require microorganisms in pure form, i.e., a single type of microorganisms should be present in a culture. Maintenance of the

Define muscular endurance component for physical fitness, Define Muscular e...

Define Muscular endurance component for physical fitness? It is the ability of a muscle, or a group of muscles to sustain repeated contractions or to continue applying force ag

Phylum protozoa, classification of organisms in phylum protozoa according t...

classification of organisms in phylum protozoa according to their class,order,family,genus,species.

Stomatal resistance, Stomatal Resistance Stomatal resistance is most i...

Stomatal Resistance Stomatal resistance is most important because gas exchange between leaves and external atmosphere takes place entirely through stomatal pores. Stomatal res

What is the drug permeability across the cornea, What is the drug permeabil...

What is the drug permeability across the cornea? Drug permeability across the cornea depends onto: a. Lipid and water solubility of the drug b. Molecular size, weight and

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd