If ramen noodles are an inferior good for Kim, then, holding all other things constant, as Kim's income increases, her demand for ramen noodles will:
A)decrease.
B)increase.
C)exceed supply.
D)stay the same.

Question

Quizplus · Accepted Answer

Ramen noodles are considered an inferior good, meaning that as Kim's income increases, she will likely switch to purchasing higher-quality or more expensive food items, causing her demand for ramen noodles to decrease.

If Ramen Noodles Are an Inferior Good for Kim, Then