Necessity: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Spacing 21/8/13) |
imported>Doug Williamson (Expand and add links.) |
||
| Line 2: | Line 2: | ||
A good with an income elasticity of demand less than one. | A good with an income elasticity of demand less than one. | ||
(Contrasted with a luxury good.) | |||
| Line 7: | Line 9: | ||
* [[Income elasticity of demand]] | * [[Income elasticity of demand]] | ||
* [[Luxury good]] | * [[Luxury good]] | ||
* [[Normal good]] | |||
* [[Inferior good]] | |||
Revision as of 13:34, 5 May 2016
Economics.
A good with an income elasticity of demand less than one.
(Contrasted with a luxury good.)
