College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school and start careers, their consumption of both goods frequently declines. This suggests that ramen noodles and boxed macaroni and cheese are

Question

Quizplus · Accepted Answer

Ramen noodles and boxed macaroni and cheese are considered inferior goods because they are consumed more when the consumer has a lower income, such as in the case of college students living off-campus, and as their income increases, their consumption of these goods declines.

College Students Living Off-Campus Frequently Consume Large Amounts of Ramen