Necessity: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand and add links.) |
imported>Doug Williamson m (Amend links.) |
||
| Line 1: | Line 1: | ||
''Economics''. | ''Economics - elasticity''. | ||
A good with an income elasticity of demand less than one. | A good with an income elasticity of demand less than one. | ||
| Line 7: | Line 7: | ||
== See also == | == See also == | ||
* [[Demand]] | |||
* [[Elasticity]] | |||
* [[Income elasticity of demand]] | * [[Income elasticity of demand]] | ||
* [[Inferior good]] | |||
* [[Luxury good]] | * [[Luxury good]] | ||
* [[Normal good]] | * [[Normal good]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 09:26, 8 April 2021
Economics - elasticity.
A good with an income elasticity of demand less than one.
(Contrasted with a luxury good.)
