Its provided statement is False, according to the question. In the scenario of inferior goods, as income rises, so does the supply for inferior goods.
What exactly do users mean by "income"?
The term "income" usually refers to the entirety of money, assets, and other value transfers received over a specific time period in return for goods or services. There is no single, universal definition: income is determined by the context in which it is used. Earned, passive, and portfolio income are the three main types of income.
What are the sources of income?
that which provides a regular source of income, such as jobs, investments, or a pension, etc.
To know more about Income visit:
https://brainly.com/question/14732695
#SPJ4
