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If incomes rise, and hot dogs are an inferior good, then we would expect the price of hot dogs to rise true kr false

If incomes rise, and hot dogs are an inferior good, then we would expect the price of hot dogs to rise true kr false
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If incomes rise, and hot dogs are an inferior good, then we would expect the price of hot dogs to rise true kr false

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User Pablo Santamaria
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8.4k points

1 Answer

2 votes
False, if they’re considered an “inferior food” then the price would go down in a good economy.
answered
User Qimolin
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8.6k points
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