If a 5 percent increase in income leads to a 10 percent increase in quantity demanded for airline travel, then airline travel is

A) an inferior good. B) a necessity.
C) a luxury. D) a substitute for another good.

C

Economics

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In the above figure, the deadweight loss due to the tax is

A) $1,000. B) $2,000. C) $4,000. D) $8,000.

Economics

Who selects the board of directors of a corporation?

A) the state where the corporation is chartered B) employees C) stockholders D) managers

Economics