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Microeconomics

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Consumer Comparatives and Elasticity: Find the Ramen!

MICRO-6WH6AY

Ramen noodles (the cheap packaged kind) are an inferior good. That is, their income elasticity of demand is negative.

In which of the following graphs might "Good Y" refer to cheap packaged ramen noodles? In other words, in which graph is Good Y inferior?

A
B
C
D
E