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37 votes
37 votes
Define infefior goods.​

User Andrea Richiardi
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2 Answers

20 votes
20 votes

Answer:

An inferior good is a good whose demand decreases when consumer income rises, unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises.

Step-by-step explanation:

User Tarion
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2.6k points
18 votes
18 votes

Answer:

An inferior good is an economic term that describes a good whose demand drops when people's incomes rise

Step-by-step explanation:

I could try to explain this term, but I think it will be more concise and faster to directly give you the definition.

User Fylix
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