Which of the following statements best describes the impact of inferior goods on consumer behavior when income rises?

When income rises, consumers tend to buy less of inferior goods. Inferior goods are products that people buy more of when they have less money, like instant noodles or generic brands. As their income increases, they often switch to higher-quality or more expensive alternatives, like fresh pasta or name-brand items. This change in behavior shows that consumers prefer to spend their money on better options when they can afford them. For example, if someone used to buy a cheap brand of cereal because it was all they could afford, they might start buying a more expensive, healthier brand once they get a raise.