Ask Question
19 May, 23:33

Currently you purchase ten frozen pizza per month. You will graduate from college in December, and you will start a new (high-paying) job in January. You have no plans to purchase frozen pizzas in January. For you, frozen pizzas are a (n)

+3
Answers (1)
  1. 20 May, 00:20
    0
    Inferior good

    Explanation:

    Inferior goods are those type or the kind of goods whose demand falls or decline when the income of the person or customer or individual rises or increases.

    In short, the demand of the inferior goods is related inversely to the customer or person income.

    So, in this case, the person bought 10 frozen pizzas per month, but when the person start earning, then the person would not buy the frozen pizzas. The frozen pizza will be inferior good for the person as the income of the person will rise.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Currently you purchase ten frozen pizza per month. You will graduate from college in December, and you will start a new (high-paying) job ...” 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