Answered

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For each example listed, decide if the good is a normal good or an inferior good. Make sure you answer from the perspective of the individual or individuals doing the buying or consuming. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop. 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 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 Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has his commission. Mike decides to switch from name brand cereal to generic cereal. Generic cereal is Hair stylist Molly loses a few of her clients. Molly cuts back on the number of smoothies she buys during the week. Smoothies are:______.

Sagot :

Answer and Explanation:

In the case when the income increased so the demand also increased so the goods are classified as the normal goods. Therefore the apps are normal goods

In the case when the income increased but the demand declines so it is to be considered as the inferior goods so frozen pizzas are inferior goods

In the case when there is the decline in the income due to this the income rises so the goods are inferior goods. So, the generic cereal is an inferior goods

In the case when the income declines so the demand also declines this meand the goods are normal goods. So, smoothies are normal goods  

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