If the income elasticity of a demand for a good is negative, then the good is

Name: If the income elasticity of a demand for a good is negative, then the good is
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When the income elasticity of demand for a good is negative, it means that as income increases, the demand for that good decreases. This characteristic is typical of inferior goods, as people tend to buy less of them as their income rises, opting instead for higher-quality alternatives.

If the Income Elasticity of a Demand for a Good