You lose your job and,as a result,you buy more frozen pizzas.For you,frozen pizza are a(n)

Name: You lose your job and,as a result,you buy more frozen pizzas.For you,frozen pizza are a(n)
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An inferior good is a good where demand increases when consumer income decreases. In this scenario, because the individual has lost their job, their income has decreased and they are now purchasing a cheaper alternative, frozen pizzas, instead of more expensive options. Therefore, frozen pizzas are an inferior good.

You Lose Your Job And,as a Result,you Buy More Frozen