Ask Question
16 February, 03:12

In 2009, the worst recession in 80 years hit the United States, generally reducing household incomes. Despite this, profits and sales for certain enterprises such as McDonald's and Dollar General actually increased during this time. What is the most likely conclusion about the products sold by these stores?

+2
Answers (1)
  1. 16 February, 04:39
    0
    These stores sell inferior goods and services.

    Explanation:

    An inferior good or service is a good or service whose demand decreases as the income of their consumers increases, i. e. if the consumers are earning more money, they will consume less of them.

    On the other hand, when their consumers' income decreases, their demand increases.

    Both McDonald's and Dollar General are business that sell cheap goods and services, so when the financial crisis decrease American households' incomes, they more people purchased their goods and services.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In 2009, the worst recession in 80 years hit the United States, generally reducing household incomes. Despite this, profits and sales for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers