his case a cheaper good, in place of the normally purchased good. Another phenomenon that exists with consumers and increased taxes is the depictions of inferior and normal goods. With increased taxes, the consumer has less money to spend on extravagant goods or leisure goods. An example of this phenomenon is illustrated in the purchasing of diamonds. In times of increased taxes, goods such as diamonds would not be purchased as much as times with normal taxation. This makes the purchase of diamonds an inferior act because a consumer does not display as much concern as purchasing diamonds as compared to other goods. Increased taxes do lower the purchase of inferior goods by consumers, but does not effect the purchase of normal goods by consumers. A normal good is a good that is purchased no matter what type of economic event is going on, be it taxes, infla
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