-Ramen noodles are hotter than ever in 2010. Considered a bargain meal for cash-starved college students... last year, 4 billion individual packets were devoured in the United States, a 4 percent increase over 2006. If once college students graduated, they stopped eating ramen, would ramen be considered a normal or inferior good?

Question

Quizplus · Accepted Answer

Ramen is considered an inferior good because consumption decreases as income increases, as suggested by students stopping eating it after graduation when their income likely rises.

-Ramen Noodles Are Hotter Than Ever in 2010