A rise in the income of the consumer of a good X leads to a fall in the demand for that good. What is the good X called ?

A rise in the income of the consumer of a good X leads to a fall in th

1.	A rise in the income of the consumer of a good X leads to a fall in the demand for that good. What is the good X called ?
Answer» <html><body><p></p>Solution :Inferior <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> refers to those goods whose <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> decreases with an <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in income. For example : If demand of 'Toned Milk' decreases with increase in income, then Toned Milk' is an inferior good.</body></html>