Normal and inferior goods are differently impacted by recessions. Examples include new cars versus fast food. The textbook examples include jewelry, gourmet pet food, dollar general stores. For this assignment, research four other examples of inferior goods. In addition, discuss how revenues of inferior goods producers are expected to be affected by economic recessions and expansions.

Answer rating: 100% (QA)

Here are four examples of inferior goods 1 Bus Transportation During economic recessions individuals ... View the full answer