When a family's income rises it buys less instant noodles. Noodles here are an:
AInternal good
BImported good
CInsured good
DInferior good
Answer & Solution
Correct answer: D. Inferior good
1. Demand fell as income climbed.
2. That is the opposite of the usual pattern.
3. Such a product is an inferior good.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._
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