During the recovery from the recession of 2008-2009, sales of low-cost beer fell and demand for microbrewed beer rose.This means
A)the low-cost beer is of low quality.
B)the beer is being sold in larger and larger containers.
C)everyone likes microbrewed beer better than low-cost beer.
D)the demand for microbrewed beer increases when income increases.

Question

Quizplus · Accepted Answer

During economic recovery, people have more disposable income to spend on luxury items like microbrewed beer rather than low-cost beer. Therefore, the demand for microbrewed beer increases when income increases, and sales of low-cost beer fall. This does not necessarily mean that low-cost beer is of low quality or that the beer is being sold in larger containers.

During the Recovery from the Recession of 2008-2009, Sales of Low-Cost