Explain the relationship between Income Consumption Curve and Engel Curve in case of inferior good.. 1 answer below »


Explain the similarity among Income Expenditure Flexion and Engel Flexion in occurrence of subordinate amiable.  What is the similarity among a charge expenditure flexion and charge elasticity of insist?  Explain after a while the succor of triviality flexions, the effects of lumpsum auxiliaries vs . extirpate auxiliaries on consumers and the empire.