An inferior good is defined as a good for which demand decreases when:

Name: An inferior good is defined as a good for which demand decreases when:
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An inferior good is a good for which demand decreases when income increases. This is because as consumers' incomes increase, they are likely to switch to higher quality or more expensive goods, leaving behind the inferior goods. The other choices do not apply to inferior goods.

An Inferior Good Is Defined as a Good for Which