College students living off-campus frequently consume large amounts of boxed macaroni and cheese.When they finish school and start their careers,their consumption of this good frequently declines.This suggests that boxed macaroni and cheese is:

Question

Quizplus · Accepted Answer

The fact that college students consume large amounts of boxed macaroni and cheese implies that it is a cheaper alternative to other types of food. As they transition to careers and have more disposable income, they are likely to purchase more expensive and higher-quality food, causing a decline in their consumption of boxed macaroni and cheese. This behavior suggests that boxed macaroni and cheese is an inferior good.

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