inferior goods.docx - Yes as my income increases I would like to consume many products at lower quantities In my day to life I use to eat small cheese

inferior goods.docx - Yes as my income increases I would...

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Yes, as my income increases I would like to consume many products at lower quantities. In my day to life I use to eat small cheese burger for my breakfast but as increase in my income I will prefer a product which is better than cheese burger. And I changed my black and white with colour TV as my income changed. I don’t think that most people will feel the same product as inferior goods because it completely depends on the income of the particular person. Inferior goods is
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