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 Goods

Explanation:What Is an Inferior Good?

In economics inferior goods are those goods whose demand decreases as people's income increases. This is more common mostly if those goods have a more costly substitute, which people will choose to buy when they have more money and when their economic status have improved.

People buy inferior goods because they don't have enough money to buy other alternatives.

Inferior doesn't mean low quality eventhough some may have low quality but inferior refers to affordability.