Question
Consider the market for Ramen Noodles, which are inferior goods. What will likely happen to the price and quantity of Ramen noodles if incomes rise?
Consider the market for Ramen Noodles, which are inferior goods. What will likely happen to the price and quantity of Ramen noodles if incomes rise? Price will ________ and quantity will __________.
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
