If quantity demanded for a good rises 20% when income rise 2%, then the good is a(n):

If quantity demanded for a good rises 20% when income rise 2%, then the good is a(n):

A. Necessity

B. Luxury good

C. Inferior good

D. Inelastic good

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments