Open main menu

Market β

Inferior good

APPARENT COUNTEREXAMPLE: The topic of this article is an apparent (or possibly real) counterexample to a generally accepted law or principle of economics.
View other apparent counterexamples



An inferior good is a good for which there is a close substitute that is both better in quality and more expensive (The latter good is therefore superior). For this reason, in a certain income range, the demand for an inferior good goes down when income increases.

Relation with other properties

Stronger properties

Opposite properties