response

Instructions: Read the following paragraphs, once read, establish if you agree with the premise or not, remember to explain why or why you do not agree, you must use the APA format to justify your answer, be brief your answer can NOT exceed a paragraph Situation #1: For consumers as a group, Quiznos sandwiches are normal goods and Subway sandwiches are inferior goods. But I like the taste of Subway sandwiches better than the taste of Quiznos sandwiches, so to me Quiznos sandwiches are inferior products and Subway sandwiches are normal products. Do you agree with the person's reasoning? Response: Situation #2: How do markets eliminate surpluses and shortages? Define the concept of Surplus and shortage before establishing how it is eliminated Response