Solved

At the End of the Recession in 2009, as Incomes

Question 81

Multiple Choice

At the end of the recession in 2009, as incomes recovered, sales of Alcool NB Liquor's own brand of low-priced beer were low.At the same time sales of premium products rose.The decrease in demand for Alcool NB Liquor's low-priced beer despite the increase in incomes indicates that this brand of beer is considered a(n)


A) normal good.
B) inferior good.
C) complementary good.
D) substitute good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions