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Fast food is believed to be an inferior good. This means that: a) the quantity of fast food consumed decreases as income increases. b) the
Fast food is believed to be an inferior good. This means that:a) the quantity of fast food consumed decreases as income increases. b) the income elasticity of demand for fast food is positive. c) the quantity of food consumed will always be high. d) fast food is really not quality food. What is the correct answer ?
a) the quantity of fast food consumed decreases as income increases.
b) the income elasticity of demand for fast food is positive.
c) the quantity of food consumed will always be high.
d) fast food is really not quality food.
What is the correct answer ?
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