Asked by
Hajidah Azizi
on Nov 04, 2024
Verified
During an economic downturn when consumer income falls, the demand for tacos increases and the demand for sushi decreases. This implies that tacos
A) and sushi are complements.
B) are a normal good and sushi is an inferior good.
C) are an inferior good and sushi is a normal good.
D) are an economic bad and sushi is an economic good.
Economic Downturn
a period of poor economic performance across a country or globally, characterized by reduced consumer spending, business investment, and employment.
Inferior Good
A type of good for which demand decreases as the income of consumers increases.
- Define the variance between usual goods, less desirable goods, and backup options.
Verified Answer
NM
Learning Objectives
- Define the variance between usual goods, less desirable goods, and backup options.