Many gourmet shops go out of business during recessions since they sell almost exclusively:
A) inferior goods.
B) normal goods.
C) substitutes.
D) complements.

Question

Quizplus · Accepted Answer

Gourmet shops sell normal goods, which are luxury items that consumers can do without during hard economic times. As a result, demand for gourmet food items decreases during recessions, which can lead to a decrease in sales and, ultimately, a business closure.

Many Gourmet Shops Go Out of Business During Recessions Since