The Wall Street Journal reports that "hard times aid poultry companies as people eat cheaper fowl." In the language of economists, this means

Question

Quizplus · Accepted Answer

An inferior good is a good that people consume less of when they have more income because they can afford higher-quality alternatives. In this case, people are turning to cheaper chicken during hard times, indicating that chicken is an inferior good.

The Wall Street Journal Reports That "Hard Times Aid Poultry