In college you practically existed on instant noodles, but now you earn $95,000 a year. You never want to see instant noodles again. We can safely conclude that you consider instant noodles to be a(n)

Question

Quizplus · Accepted Answer

Inferior goods are those that people consume less of as their income rises, which fits the description of instant noodles in this scenario. As your income increased, your preference shifted away from instant noodles, indicating you view them as an inferior good.

In College You Practically Existed on Instant Noodles, but Now