Question

3. When does a consumer buy less of a commodity at a given price?
Define Inferior Goods.​

Answer 1

Explanation:

n inferior good is an economic term that describes a good whose demand drops when people's incomes rise. ... Inferior goods—which are the opposite of normal goods—are anything a consumer would demand less of if they had a higher level of real income.

Answer 2

An inferior good is one whose demand drops when people's incomes rise. When incomes are low or the economy contracts, inferior goods become a more affordable substitute for a more expensive good