What will happen to the demand for beers such as Natural Light,Coors Light and Bud Light near college towns if students' income increased tremendously?

Question

Quizplus · Accepted Answer

These beers are considered inferior goods because they are cheap and often associated with budget-constrained consumers. If students' income increases tremendously, they may switch to higher quality or more expensive beers, leading to a decrease in demand for Natural Light, Coors Light, and Bud Light, which are viewed as lower quality or budget beers.

What Will Happen to the Demand for Beers Such as Natural