<P> In economics , an inferior good is a good whose demand decreases when consumer income rises ( or demand rises when consumer income decreases ) , unlike normal goods , for which the opposite is observed . Normal goods are those for which demand rises as consumer income rises . This would be the opposite of a superior good , one that is often associated with wealth and the wealthy , whereas an inferior good is associated with lower socio - economic groups . </P>
<P> In economics , an inferior good is a good whose demand decreases when consumer income rises ( or demand rises when consumer income decreases ) , unlike normal goods , for which the opposite is observed . Normal goods are those for which demand rises as consumer income rises . This would be the opposite of a superior good , one that is often associated with wealth and the wealthy , whereas an inferior good is associated with lower socio - economic groups . </P>
when a good is called an inferior good
when a good is called an inferior good
demand decreases when consumer income rises ( or demand rises when consumer income decreases )
demand decreases when consumer income rises ( or demand rises when consumer income decreases )