Assignment: Normal and Inferior Goods
Normal and inferior goods are differently impacted by recessions. Examples include new cars versus fast food. The textbook examples include jewelry, gourmet pet food, dollar general stores. For this assignment, research four other examples of inferior goods. In addition, discuss how revenues of inferior goods producers are expected to be affected by economic recessions and expansions.
Expectations: At least three pages in length. Use a minimum of 4 references to defend your position. Use 6th edition APA form and style and the provided writing template.