During the recession of 2007-2009,despite falling income levels,the fast-food chain Subway experienced increased sales.The increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered
A) normal goods.
B) inferior goods.
C) complementary goods.
D) substitute goods.

Question

Quizplus · Accepted Answer

Inferior goods are those for which demand increases as income decreases, which explains the increased sales of Subway sandwiches during the recession.

During the Recession of 2007-2009,despite Falling Income Levels,the Fast-Food Chain