Tag Archives: superior goods

Inferior Children

The Friday File: A product or service is considered normal if demand for it rises as consumer income rises. Good examples include BMWs, vacations to Hawaii, shopping at Whole Foods, and higher education. An inferior good is one where demand declines as consumer income rises. Examples of this include white bread, margarine, and children! As household incomes rise over time, fertility rates fall. Anyone for a family of 16?