Which of the following products would be classified as an inferior good when consumer incomes decrease?

An inferior good is a type of product that people buy more of when their income decreases. This happens because when people have less money, they often look for cheaper options instead of more expensive ones. For example, if someone usually buys brand-name cereal but then loses their job, they might switch to a generic brand cereal, which is less expensive. In this case, the generic cereal is considered an inferior good because its demand increases when people's income falls. Understanding inferior goods helps businesses and economists predict how spending habits change with income levels.