At the end of the recession in 2009, as incomes recovered, sales of Alcool NB Liquor's own brand of low-priced beer were low.At the same time sales of premium products rose.The decrease in demand for Alcool NB Liquor's low-priced beer despite the increase in incomes indicates that this brand of beer is considered a(n)
A)normal good.
B)inferior good.
C)complementary good.
D)substitute good.

Question

Quizplus · Accepted Answer

The decrease in demand for Alcool NB Liquor's low-priced beer despite the increase in incomes indicates that it is an inferior good, which means that as incomes rise, demand for the good decreases.

At the End of the Recession in 2009, as Incomes