Which of the following commodities can be considered as an inferior good?

Question

Quizplus · Accepted Answer

An inferior good is a good whose demand decreases as income increases. Dwelling in a small apartment located in a suburb can be considered an inferior good because as a person's income increases, they may choose to upgrade to a larger or more luxurious housing option. The other options listed, such as washing clothes in a washer at home, eating out at an upscale restaurant, and spending vacations at exotic locations, are not considered inferior goods as their demand typically increases with higher income levels.

Which of the Following Commodities Can Be Considered as an Inferior