Question

When good called an 'Inferior good'?​

Answer 1

Answer:

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. Inferior goods are the opposite of normal goods, whose demand increases even when incomes increase.

Answer 2

Answer:

interior goods are those goods whose demand decerases when income of consumer rises it is because the consumer start shifting from inferior goods to standard goods because of rise in income