kathleen28 kathleen28
  • 08-01-2019
  • Business
contestada

which kind of good might not be bought when price rise?

complement

substitute

luxury

inferior good

Respuesta :

GhostReconSiege
GhostReconSiege GhostReconSiege
  • 08-01-2019

That would be luxury.

Answer Link
Queenlori
Queenlori Queenlori
  • 28-10-2019

Answer:

luxury

Explanation:

In case of inferior goods the income effect will work in opposite direction to the substitution effect. When price of an inferior good falls, its negative income effect will tend to reduce the quantity purchased, while the substitution effect will tend to increase the quantity purchased.

Answer Link

Otras preguntas

A square has an area of 144 cm2. What is the measure of its side?
As a new faith, Islam gained strength (A) within portions of the former Roman Empire. (B) when adherence to Arabic ethnicity was emphasized over adherence to Is
Which Dutch monk criticized Catholic Church officials for focusing on money and power instead of the spiritual needs of individuals? A. Cesare Borgia B. Pieter
how does the capitol treat the arena after the Games are over? What does that tell you about the capitol
True or False All living things are made of two or more cells
Using the product property of square roots what is the square root of 28 and 150
the movement of material due to differences in density is called?
what is 2 thirds of 30
how is an ecological footprint determined
At the start of the week, you could run for 8 minutes. By the end of the week, you could run for 15 minutes. Which proportion could you use to find the percent