What is Inferior good?
In [[economics]], an '''inferior good''' is a [[good (economics)|good]] that decreases in [[demand]] when the [[wikt:income|income]] of the [[consumer]] rises. People with little income might buy [[bread]] in the [[supermarket]], but when their income increases, they buy their bread in the [[bakery]] instead. They did not buy from the bakery before, because the bread in the bakery is more [[wikt:expensive|expensive]] than the bread in the supermarket. Goods where the demand rises with the income are called ''[[normal good]]s''. {{stub}} [[Category:Goods]]