David, a poor college student, states: "I eat Ramen noodles five times a week. When I...
David, a poor college student, states: "I eat Ramen noodles five times a week. When I graduate and get a real job, I will never purchase Ramen noodles again." Is David planning on breaking the law of demand? What will David eat instead
Homework Answers
The given statement is totally correct because david who is now a poor college student eats inferior good that is ramen noodles and here he law of demand is not followed
Because accoring to it as the consumer income level rise he should consumer more ramen noodles
But here the ramen noodles is an inferior goods do he will consume less as his income will rise.
It is a volation of law of demand
The given statement is correct
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