An inferior good is a good whose quantity demanded
A) rises when its price falls.
B) falls when the price of a related good falls.
C) falls when the consumer's total utility rises.
D) rises when the consumer's income falls.

Question

Quizplus · Accepted Answer

An inferior good is one where demand increases as consumer income decreases, meaning consumers buy more of it when they have less income.

An Inferior Good Is a Good Whose Quantity Demanded