NEGATIVE INCOME ELASTICITY OF DEMAND

In Negative income Elasticity of demand the demand for a product or services will  decreases as the income of consumer's increases.We can also say that, A rapid increase in the incomes of customer's or Consumers will leads to the decrease in the quantity demanded.The Income Elasticity of demand is Negative for Inferior goods.
Example: 1. If there is increase in the income of a Consumer he would prefer to Purchase Nescafe coffee instead of Tata Tea, the Tata Tea would be inferior to Nescafe Coffee for the Consumer.
                 
FACTORS AFFECTING NEGATIVE INCOME ELASTICITY OF DEMAND:-
1. Usage of different types &Nature of Commodities.
2. Availableness of Substitutes
3.Human habits to Consume Commodities in different different regions.
4.Different Range of Prices
5.Income Group of People living in a particular area.
6.Element of Time.