Currently you purchase 6 packages of hot dogs a month.You will graduate from college in December,and you will start a new job in January.You have no plans to purchase hot dogs in January.For you,hot dogs are

Question

Quizplus · Accepted Answer

An inferior good is a good whose demand decreases when consumer income rises. In this case, the fact that the individual is no longer purchasing hot dogs in January suggests that they may have more disposable income to purchase higher-quality or more expensive food items, indicating that hot dogs are an inferior good for them.

Currently You Purchase 6 Packages of Hot Dogs a Month