Option B
Soup is an inferior good if the demand for soup falls when income rises.
Explanation:
An inferior good is a commercial term that represents a good whose demand diminishes when people's incomes expand. It's essential to see that the head inferior good points to its affordability, preferably than its quality. The demand for inferior goods drops as income rises or the economy develops.
Some of the motives following this transfer may incorporate quality or a shift to a consumer's socio-economic situation. If we outline the quantity demanded on the x-axis and income level on the y-axis, we notice a downward sloping curve for an inferior good.
