Which of the following is most likely to be an inferior good?

A) Fur coats.
B) Ocean cruises.
C) Used clothing.
D) Steak.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good where demand increases with an increase in consumers' income.

Used Clothing

Pre-owned garments that have been worn previously and are often resold or donated, playing a significant role in sustainable consumption and the circular economy.

Fur Coats

Luxurious outer garments made from the fur of animals, often considered a symbol of status and opulence.