What are inferior goods .Give an example.?

Question

Answer

Inferior goods are those goods whose demand increases when consumers income decreases and demand decreases when consumers income increase.......Ex- Economic class Travel in ships and Business class travel in Airways..

Answer

Inferior goods are of those goods which are of low quality

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Inferior goods are those which are of low quality. when person income increase than demand for these goods will be less.

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Inferior goods are those good then an increase in income reduces the demand while a decrease in income leads to rise in demand example; salt

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Inferior goods are thoes goods whoes demad get deacrease/increase with change in income if incomeof consumer increses than inferior goods demand get deareses because consumer purchasing power increases .
ex- double toned milk os a inferior goods because consumer should not consume this commodity if income of a consumer increases .

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