lilmamaforev5093 lilmamaforev5093
  • 03-02-2019
  • Business
contestada

A good for which demand increases as income rises is ________, and a good for which demand increases as income falls is ________.

Respuesta :

mooreorlando727
mooreorlando727 mooreorlando727
  • 12-02-2019

In economics, When income increases and the demand for a good increase, the good is considered a normal good.

However, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed.

Answer Link

Otras preguntas

Factor over the complex numbers. Show your work please. x^4-5x^2-36
Can someone help me with this question plz?
The subject of a sentence is a person, place, thing or idea doing the main action in the sentence.
If ∠1 = 4x + 16 and ∠2 = 8x + 32, find m∠4.
Let g(x)=x^2+bx+11. The point (-1,8) lies on graph of g. Find value of b.​
What is the value of y?A. Cannot be determinedB. 65°C. 60°D. 120°​
Find the sample standard deviation. 7,17,16,10,9,8,15,13,11
Find f(-2) when f(x) = 2x2 + 5x - 4 A) -10 B) -6 C) 2 D) 14
Correctly identify the following situation as an example of positive OR negative feed back. When blood pressure increases, signals are sent to the brain from t
PLEASE HELP. The lengths of the sides of quadrilateral ABCD are equal. Prove that the perimeter of ABCD is equal to 4AB. GIVEN: AB BC BC &CD,CD = AD PROVE: