do anyone knows the example of inferior and giffen goods?

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Mc Donald is considered inferior food in USA but superior would in India giffen goods have an inverse relationship with the income of consumers for their purchasing power as well

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Inferior goods are the goods for which the demand increase when the income decrease and demand decrease when the income increases.  For example - Pearl millet,  the demand for this good decrease when the income of the person increase because he affords to get the goods which gives more satisfaction than the previously consuming goods at the  same time  this commodity may also be giffen goods because giffen goods are the goods for which the demand increases when the price increases and vice versa.  It happens due to the income variation of the person and the necessary to consume the product......  The point to be understood is that the goods may be normal good for people,  inferior to some and giffen to some, it differs at different levels of income....

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Examples of Inferior and Giffen Goods
Inferior Goods:
- Inferior goods are those for which demand decreases as consumer income increases. These goods are seen as lower quality or less desirable compared to other options.
- An example of an inferior good is instant ramen noodles. As people's incomes rise, they may choose to purchase higher-quality and more expensive food options, causing a decrease in demand for instant ramen noodles.
Giffen Goods:
- Giffen goods are rare and unique in that their demand increases as their price rises. This phenomenon goes against the law of demand, where price and quantity demanded have an inverse relationship.
- A classic example of a Giffen good is staple foods like rice in developing countries. When the price of rice goes up, low-income individuals may not be able to afford other food options and end up buying more rice, despite the higher price.
In Summary:
- Inferior goods see a decrease in demand as income rises, while Giffen goods experience an increase in demand as prices rise.
- Understanding these concepts is crucial for businesses and policymakers to predict consumer behavior accurately and make informed decisions about pricing and product offerings.

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The examples for inferior goods are Pearl millet (sajje), finger millet (ragi)  etc.....  The above is also the example of giffen goods.  because some times when the price of these goods increase the demand for these goods also increases. It depends on the income of the person

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