As John's income has increased, he has purchased less instant noodles. Instant noodles are

Name: As John's income has increased, he has purchased less instant noodles. Instant noodles are
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inferior goods are those goods for which demand decreases as the income of the consumer increases. Since John is buying less instant noodles as his income increases, instant noodles are considered an inferior good for him.

As John's Income Has Increased, He Has Purchased Less Instant