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

which is the study of the processes within living organisms?
Need help on these 3
The portion of a just soul which rules over the others is
A cold-tolerant and salt-tolerant organism would likely be found in which part of the ocean..A)Transition zoneB)Deep zoneC)Polar zoneD)Surface-mixed zone
who led the Bolshevik uprising that placed Russia under communist control?
What is the ultimate and central source needed for survival
Why did Colonists come to Jamestown originally
Define the following parts of a camera: - aperture - lens - shutter
An impact of the young Turks on the ottoman Empire was?
Which phrase from Marge Piercy’s “To Be of Use” best illustrates the poem’s celebratory tone toward hard work? I want to be with people who submerge in the ta