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

All of the following prevent pathogens from entering the human body except a. red blood cells b. tears c. mucus d. skin
What is another name used for the ultrecht psalter?
Two cities are 210 km apart. A train traveled this distance in 42 3 hours and then made the return trip at a speed of 502 5 km/h. How many times greater (
what was the name given to the network of people dedicated to helping escaped slaves get to gree territory?
what motivated new imperialism
explain why the sine of x is the sample regardless of which triangle is used to find it in the figure
• When creating value for a customer, why is product differentiation so important? •
During which movement in Beethoven's Fifth Symphony do double variations appear? a. Second b. Third c. First d. Fourth
Lithium, the number-three element on the periodic table, has a mass that is twice that of hydrogen. true or false?
Below are five number sequences. Which ones are geometric sequences?Check all that apply.A- 1 2 3 4 53 9 27 81 343B. 2, 3, 5, 9, 17,C. 3, -12, 48, -192, 768,D.