How could demand for an inferior good decrease?

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1016433

2026-06-02 13:00

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Demand for an inferior good could decrease if consumers experience an increase in income, leading them to prefer higher-quality alternatives. Additionally, if the price of a substitute good falls significantly, consumers may shift their preferences away from the inferior good. Changes in consumer preferences or trends that favor superior goods can also contribute to a decline in demand for inferior goods.

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