Holding all other things constant, if ramen noodles are an inferior good to Vanessa, then as her income increases, her demand cu
rve for ramen noodles:A) will shift left.B) will shift right.C) will not shift at all.D) may shift left or right, but unable to determine by how much.
1 answer:
Answer:
:A) will shift left.
Explanation:
An inferior good is a good whose demand falls when income increases and demand increases when income decreases.
As Vanessas income increases, her demand for ramen noodles would fall. This would lead to a decrease in demand for ramen noodles and her demand curve would shift to the left.
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