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As consumers experience an increase in income, the demand for designer clothes increases and the demand...

As consumers experience an increase in income, the demand for designer clothes increases and the demand for thrift store clothes decreases. What can we determine from this
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As consumers experience an increase in income, the demand for designer clothes increases and the demand for thrift store clothes decreases. From this we can imply that thrift stores are inferior goods for the consumer which share a negative relation with the income i.e. as the income increases demand for inferior goods fall and vice-versa. With the increase in income, consumer shifts from inferior good to normal/ luxury goods which share a positive relation with income i.e as income increases , demand for such goods increases .

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