Question

"'Suppose that while in college, you saved money by eating generic fruits and vegetables from the grocery store. Now, suppose that after you graduated from college you got your first paying job and your income increased. As a result, you started buying higher priced organic fresh fruits and vegetables from specialty stores. This scenario would indicate that the organic fresh fruits and vegetables are a(n) _______ good for you."

Answer 1

Answer:

Normal goods

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.

I increase my demand for organic fruits and vegetables when my income increased. This shows they are normal goods.

Generic fruits and vegetables are inferior goods.

Inferior goods are goods whose demand falls when income rises and increases when income falls.

I hope my answer helps you