Question

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

Answer 1

Answer:

Inferior Good s

Explanation:

The inferior good is an economical term used to describe a product that falls in popularity when the income of individuals increases.

It arises whenever a product has far more expensive alternatives that see rising demand as profits and boosting the economy.

Inferior goods, which are the opposite of normal goods, are any products that a customer might need less if they had a greater real income level. College food like ramen noodles, most tin products fall under the inferior goods category.