Final answer:
An inferior good is a good in which the quantity demanded falls as income rises. If the price of an inferior good falls, such as generic brand groceries, the demand for corn will decrease.
Step-by-step explanation:
An inferior good is a good in which the quantity demanded falls as income rises, and rises as income falls. In the case of corn, if the price of an inferior good falls, such as generic brand groceries, the demand for corn will decrease. This is because as people's income rises, they are more likely to buy name brand groceries instead of generic brand, resulting in a decrease in the demand for corn.