A specific type of inferior good is a commodity for which demand increases at higher prices.
A specific type of inferior good is a commodity for which demand increases at higher prices. First observed in the budgets of the 19th century poor, who could no longer afford relatively more luxurious food when bread prices increased, it occurs when the income effect outways the substitution effect.
A specific type of inferior good is a commodity for which demand increases at higher prices.
Giffen good