Solved

During the Recession of 2007-2009,several Casual Dining Restaurants Experienced a Drop

Question 24

Multiple Choice

During the recession of 2007-2009,several casual dining restaurants experienced a drop in business as many consumers chose to become more in spending their declining incomes.The decrease in demand due to falling income indicates that meals sold in casual restaurants are considered


A) normal goods.
B) inferior goods.
C) complementary goods.
D) substitute goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents