As consumers' incomes increase,the demand for some goods decreases.These types of goods are called
A) normal goods.
B) complement goods.
C) substitute goods.
D) defective goods.
E) inferior goods.

Question

Quizplus · Accepted Answer

Inferior goods are those goods where the demand decreases as the income of the consumers increases. This is because as their income rises, they tend to switch to higher-quality substitutes for these goods.

As Consumers' Incomes Increase,the Demand for Some Goods Decreases