Fast food is a good example of
A)a normal good.
B)a good with a congestion effect.
C)an inferior good.
D)a luxury good.

Name: Fast food is a good example of A)a normal good. B)a good with a congestion effect. C)an inferior good. D)a luxury good.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Fast food is often considered an inferior good because as consumers' incomes increase, they tend to prefer higher-quality dining options, reducing their consumption of fast food.

Fast Food Is a Good Example of