As income rises,the demand for inferior goods

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The demand for inferior goods falls as income rises. Inferior goods are those for which the demand decreases with an increase in income. Examples of inferior goods include low-quality substitutes for higher-quality goods (e.g. instant noodles instead of a more expensive meal) or products that are purchased out of necessity but would be replaced with a superior good if income allowed (e.g. basic clothing instead of designer clothes). As income rises, consumers are able to afford better-quality goods and will therefore choose to purchase them instead.

As Income Rises,the Demand for Inferior Goods