When consumer income rises, demand for which type of good will increase, and demand for which type will decline?

Show Answers

alternative good, lower-quality goodnormal good, inferior goodinferior good, normal goodnormal good, related goodcomplementary good, substitute good

Explanation

An increase in consumer income typically leads to higher demand for normal goods, as people can afford more of these products. Conversely, demand for inferior goods tends to fall because consumers shift away from cheaper alternatives toward higher-quality options.