Ramen noodles are a staple food item for many college students.Ramen noodles are very inexpensive,easy to prepare,and can be combined easily with other foods.After students graduate,find employment,and earn a higher income,they decrease their Ramen noodle purchases significantly.In this case,Ramen noodles are
A) a normal good.
B) an inferior good.
C) a complement for higher income people.
D) a substitute good.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Ramen noodles are considered an inferior good because as consumers' income increases, their demand for Ramen noodles decreases. This is because they are able to afford higher quality, more expensive food options.

Ramen Noodles Are a Staple Food Item for Many College