Used Kias, Ramen Noodles, bus fare
all these goods are purchased in larger quantities when collective incomes decrease
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A classic example of an inferior good is Ramen. The higher your income becomes, typically the less you buy. If your income became lower then you might buy more.
macaroni and cheese, generic cereal, and used cars
good that quantity demanded decrease as income increasefawaz hammadinstructure of economicsArab American university - jeninpalestine