Select the example that best matches the definition of an inferior good.

Name: Select the example that best matches the definition of an inferior good.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inferior goods are those whose demand decreases as the income of the consumer increases. Instant noodles are often considered an inferior good because people tend to buy them when they need to save money or have lower incomes, and they might opt for higher-quality or more expensive food options as their income rises.

Select the Example That Best Matches the Definition of an Inferior