Goods that consumers regard as luxuries generally have
a. an income elasticity equal to 1.
b. an income elasticity less than 1.
c. an income elasticity greater than 1.
d. a negative income elasticity.
C
Economics
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What was the primary goal of the proponents of the Patient Protection and Affordable Care Act?
A. Improve the quality of care by reducing medical malpractice. B. Reduce health care costs in the United States by 50 percent. C. Make all U.S. health care publically (government) provided. D. Extend health insurance coverage to all Americans.
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A college education is a(n)
A. investment in human capital. B. form of innovation. C. public good. D. mediated settlement.
Economics