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

Transport of small molecules, The internal composition of the cell is maint...

The internal composition of the cell is maintained because the plasma membrane is selectively permeable to small molecules. A lot of biological molecules are unable to distribute b

Induction of antimicrobial substances, Induction of antimicrobial substance...

Induction of antimicrobial substances Phytoalexins are antimicrobial substances produced by plants in response to pathogen. They accumulate at the site of infection. For exam

Water and carbon dioxide towards the consumption of product, Q. What are th...

Q. What are the consequences of shifting the chemical equilibrium of the formation of bicarbonate from water and carbon dioxide towards the consumption of products of the reverse r

Explain uristix benedicts test, Q. Explain Uristix Benedicts test? No s...

Q. Explain Uristix Benedicts test? No sugar/glucose is excreted in the urine in normal individuals. In diabetics, glucose is excreted by the kidneys when the blood sugar levels

The hydrogen ion concentration of stomach, What is the hydrogen ion concent...

What is the hydrogen ion concentration of stomach acid pH=1.6?

How are cnidarian characterized, Q. Cnidarian identity card. How are they c...

Q. Cnidarian identity card. How are they characterized according to instance of representing beings, basic morphology, kind of symmetry, germ layers and coelom, digestive system, r

Biology - a science of exception, BIOLOGY - A SCIENCE OF EXCEPTION - So...

BIOLOGY - A SCIENCE OF EXCEPTION - Some common examples to prove it are - 1.       Embryos of dicot plants have 2 cotyledons but in cuscuta (Dodder plant or amer bel or Aka

Concepts of epidemic disease and endemic disease, Q. What is the difference...

Q. What is the difference between the concepts of epidemic disease and endemic disease? The Endemic diseases are those that often affect people of a given place, many or few in

Define the symptoms of dry beriberi, Define the Symptoms of Dry beriberi? ...

Define the Symptoms of Dry beriberi? Early symptoms are similar to those found in wet beriberi. The muscles become progressively wasted and weak and walking becomes difficult.

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