Question

Define inferior goods​

Answer 1

In economics, an inferior good is a good whose demand decreases when consumer income rises, unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises

Answer 2

Answer:

ɪɴ ᴇᴄᴏɴᴏᴍɪᴄs, ᴀɴ ɪɴғᴇʀɪᴏʀ ɢᴏᴏᴅs ɪs ᴀ ɢᴏᴏᴅs ᴡʜɪᴄʜ ᴅᴇᴍᴀɴᴅ ᴅᴇᴄʀᴇᴀsᴇ ᴡʜᴇɴ ᴄᴏɴsᴜᴍᴇʀ ɪɴᴄᴏᴍᴇ ʀɪsᴇs