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4 December, 04:10

Top ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content. what would happen to the equilibrium price and equilibrium quantity of top ramen if income went up and the price of salt decreased

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  1. 4 December, 06:15
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    Top Ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content. What would happen to the equilibrium price and equilibrium quantity of Top Ramen if income went up and the price of salt decreased? If income went up, those who eat Top Ramen may decrease their amount they purchase because Top Ramen is commonly purchased by those who make a smaller amount of money. However, if the price of salt decreased, Top Ramen's price may decrease as well and those who continue to purchase will benefit from paying less money for the Ramen.
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Home » Business » Top ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content. what would happen to the equilibrium price and equilibrium quantity of top ramen if income went up and the price of salt decreased
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