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

Agro industrial-oil seed meals as by-pass protein source, Oil Seed Meals as...

Oil Seed Meals as By-pass Protein Source The protein digestion in ruminants encompasses microbial transformation of dietary protein in the rumin. A varying portion of feed pro

What do you mean by pneumatic bones, Q What are pneumatic bones? Birds ...

Q What are pneumatic bones? Birds have lightweighted bones with internal spaces filled with air. These bones are called pneumatic bones this feature reduces the corporal densit

The Integumentary system, what are some technologys used in the integumenta...

what are some technologys used in the integumentaryy systems

How can total count can be obtained?, How Can Total Count Can Be Obtained? ...

How Can Total Count Can Be Obtained? Total count can be obtained microscopically by using fluorescent dyes such as acridine orange or DNA stain DAPI. The counts obtained micros

Define three major steps for study of genetic family tree, What are the thr...

What are the three major steps for a good study of a genetic family tree? Step 1: Determine whether the studied phenotypical form has a dominant or the recessive pattern. Step

Germplasm conservation - plant tissue and organ culture, Germplasm Conserva...

Germplasm Conservation - plant tissue and organ culture Totipotent plant cells and shoot tips can be freeze-preserved in liquid nitrogen (-196? C) for long periods, and wh

Waste management in other species, W a s t e Management in other specie...

W a s t e Management in other species Solid and pellet nature of sheep and goat faecal matter make it easier to handle. This manure can easily be swept off the floors and d

Role of water in metabolism, ROL E OF WATER - In general water cons...

ROL E OF WATER - In general water constitutes 60-90% of protoplasm. Average 80%. It forms 2/3 of human body weight, i.e. 66.66%. Due to electrophillic nature of O, wa

Functions of synergids, Functions of Synergids Ultra structurally the ...

Functions of Synergids Ultra structurally the structure and concentration of cell organelles reveals that synergids are metabolically active. The following Wee functions are a

What is the properties of aqueous solutions, Which of the following is TRUE...

Which of the following is TRUE about the properties of aqueous solutions? Select one: a. A pH change from 5.0 to 6.0 reflects an increase in the hydroxide ion concentration (

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