Suppose you manage a corner grocery store.If peanut butter is an inferior good, what do you suppose would happen to the price and quantity sold of peanut butter as incomes fall during an economic recession?
A.The price would increase and the quantity would decrease.
B.The price and quantity would both increase.
C.The price and quantity would both decrease.
D.The price would decrease and the quantity would increase.

Question

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The Answer of Suppose you manage a corner grocery store.If peanut butter is an inferior good, what do you suppose would happen to the price and quantity sold of peanut butter as incomes fall during an economic recession?
A.The price would increase and the quantity would decrease.
B.The price and quantity would both increase.
C.The price and quantity would both decrease.
D.The price would decrease and the quantity would increase.

Suppose You Manage a Corner Grocery Store