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

Determine the preservation changes while cooking, Determine the Preservatio...

Determine the Preservation Changes While Cooking? While cooking, two preservation changes (at least) occur which include: 1.  Destruction or reduction of microorganisms 2

When conducting the hair comparison, When conducting a hair comparison, wha...

When conducting a hair comparison, what factors would you consider?

Why do roots of many swamp plants have a special morphology, Why do roots o...

Why do roots of many swamp plants have a special morphology? Swamp and marsh plants usually present supporting roots that ramify from portions of the stem above the ground help

#organisation of the human bodytitle.., dhow is the structure of connective...

dhow is the structure of connective tisse linked to their function

Define reflection - endodontic surgery, Define Reflection - Endodontic Surg...

Define Reflection - Endodontic Surgery -  Marginal gingival is very delicate and easily injured, therefore you should begin reflection of the vertical incision in the attached

Explain major limiting factors of photosynthesis, Q. What are the three maj...

Q. What are the three major limiting factors of photosynthesis? The three major limiting factors of photosynthesis process are light intensity, carbon dioxide temperature and c

Define central nervous system, Q. Define Central nervous system? The ne...

Q. Define Central nervous system? The nervous system begins as a simple tube during embryonic development (then anterior part expands and also ventricles are formed).  Foreb

Symptoms of ulcerative colitis, Q. Symptoms of ulcerative colitis? As d...

Q. Symptoms of ulcerative colitis? As discussed in the case study above, the common symptoms are: 1. Mild abdominaI discomfort, an urgent need to defecate several times a da

What are the major cells of which poriferans are made, Q What are the major...

Q What are the major cells of which poriferans are made? Sponges have their external wall covered by flat cells called pinacocytes and having pores well-delimited by special ce

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