College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school

Question

College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school and start careers, their consumption of both goods frequently declines. This suggests that ramen noodles and boxed macaroni and cheese are:

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Phúc Điền 1 year 2021-09-03T04:20:07+00:00 1 Answers 28 views 0

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    2021-09-03T04:21:24+00:00

    Answer:

    Ramen Noodles and boxed Macaroni and Cheese are COMPLEMENTARY Goods

    Explanation:

    Complementary Goods are goods that are demanded jointly (together) to satisfy a particular want.

    Ramen Noodles, Boxed Macaroni, Cheese are demanded together by off campus college students. So, they are complementary goods.

    Also, their demand are directly related – demand of one good increases, demand of other good increases & demand of one good decreases , demand of other good decreases ; because they are demanded together.

    After school end , consumption of all goods declining together – is also their characteristic pointing towards them being Complementary Goods .

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