Non-fed ground beef is an inferior good.In economic booms, grocery managers should

Name: Non-fed ground beef is an inferior good.In economic booms, grocery managers should
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inferior goods are those whose demand decreases as income increases. During economic booms, people tend to have more disposable income and thus might prefer to consume higher-quality meat products, making demand for non-fed ground beef decrease. Therefore, grocery managers should reduce their orders of non-fed ground beef.

Non-Fed Ground Beef Is an Inferior Good