Normal goods and Inferior goods

The difference between normal goods

and inferior goods
Normal good, the quantity demanded increases
as income increases.

Inferior good, the quantity demanded decreases

as income increases.

Giffen good, when its price increases, the quantity
demanded increases

The qualities of the goods

The difference between normal goods
and inferior goods -Continued
Income elasticity of demand
Normal : Positive Values
Basic goods (less than one)
and luxury goods (more than one)

Inferior: Negative Values

Goods can be classified into these two types but
some goods can be both normal and inferior.
Example, noodles