Suppose That Ramen Noodles Are an Inferior Good

question 215

Multiple Choice

Suppose that ramen noodles are an inferior good.When income decreases,the equilibrium quantity of ramen noodles will ________ and the equilibrium price of ramen noodles will ________.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease

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Definitions:

Lead Away

To guide or direct someone or something away from a certain place.

Middle

The central point or part of something.

Impulses

Electrical or chemical signals transmitted through neurons that facilitate communication within the brain and between the brain and the rest of the body.

Center

A point of convergence or a central focal point.