Assume that ramen is an inferior good. if the price of ramen rises, then the substitution effect results in the person buying of the good and the income effect results in the person buying of the good.

Suppose ramen is an inferior good. If the price of ramen rises, then the substitution effect results in the person buying less of the good and the income effect results in the person buying more of the good.

Explanation: The inferior goods are those material elements that are related to the consumption of people who have lower incomes and who cover with their basic needs.

An increase in the price of these goods does not cause a negative effect on demand, since, despite having increased the price of basic products, they are the cheapest option for lower income consumers. Therefore, the curve of this demand will always be positive, due to the income effect (if the price of a lower good rises and remains cheaper than normal goods, we will continue to demand that lower good). Therefore, these inferior goods compensate the substitution effect (When the consumer substitutes the purchase of one good for another due to the price increase) with this income effect.

answer; 33,000;