Economists know that a particular good can be classified as an inferior good if a(n) increase in buyers' income causes a decrease.
If a consumer decreases her demand for a commodity or service as her income increases, then such a good is an inferior good.
An inferior good is an economic term that describes a good whose demand drops when people's incomes rise.
These goods fall out of favor as incomes and the economy improve as consumers begin buying more costly substitutes instead.
Typical examples of inferior goods include “store-brand” grocery products, instant noodles, and certain canned or frozen foods.
Although some people have a specific preference for these items, most buyers would prefer buying more expensive alternatives if they had the income to do so.
To learn more about inferior good, refer
https://brainly.in/question/5614819
#SPJ4
