For each example listed below, decide if the good is a normal good or an inferior good. Make sure you answer from the perspective of the individual (s) doing the buying or consuming.
Billy's mom increases his weekly allowance by $5. As a result, Billy increases the number of apps he downloads on his smartphone. Smartphone apps are a (n):
Susan gets a 15 percent performance bonus at work. She can finally stop eating so many frozen pizzas and eat something more tasty. Frozen pizzas are a (n)
Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has commission. Mike to switch name brand cereal to generic cereal. Generic cereal is a (n):
Hair stylist molly loses a few of hor clients. Molly cuts back on the number of smoothies she buys during the week. are a (n);
Professor Jones is an oceanographer, she finds that college students eat less sushi when their income. Sushi is a (n)
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Home » Business » For each example listed below, decide if the good is a normal good or an inferior good. Make sure you answer from the perspective of the individual (s) doing the buying or consuming. Billy's mom increases his weekly allowance by $5.