Used car dealers find that their sales rise in a recession.We can be certain that consumers view used cars as
A) necessities.
B) normal goods.
C) luxuries.
D) substitutes.
E) inferior.

Name: Used car dealers find that their sales rise in a recession.We can be certain that consumers view used cars as A) necessities. B) normal goods. C) luxuries. D) substitutes. E) inferior.
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Question

Quizplus · Accepted Answer

Used cars are considered inferior goods because their demand increases when consumer incomes decrease, such as during a recession.

Used Car Dealers Find That Their Sales Rise in a Recession.We