Holding all else constant, if people eat out more at expensive restaurants when they earn more, then expensive restaurant meals are
A)goods with a congestion-effect.
B)goods with a network-effect.
C)inferior goods.
D)normal goods.

Question

Quizplus · Accepted Answer

Expensive restaurant meals are normal goods, as an increase in income leads to an increase in demand for them.

Holding All Else Constant, If People Eat Out More at Expensive