Which of the commodities below is most likely to be categorised as an inferior good?
A)a Ming-dynasty vase
B)lobster
C)instant noodles
D)airline travel

Question

Quizplus · Accepted Answer

Instant noodles are often considered an inferior good because they are often associated with lower-income households and are typically cheaper than more nutritious options like fresh produce or lean proteins. As household incomes increase, demand for instant noodles typically decreases as consumers opt for healthier and higher-quality food options.

Which of the Commodities Below Is Most Likely to Be