Luxury good: Difference between revisions

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''Economics''.   
''Economics - elasticity''.   


A good with an income elasticity of demand greater than one.
A good with an income elasticity of demand greater than one.


Contrasted with a necessity.
(Contrasted with a necessity.)




== See also ==
== See also ==
* [[Elasticity]]
* [[Income elasticity of demand]]
* [[Income elasticity of demand]]
* [[Inferior good]]
* [[Necessity]]
* [[Necessity]]
* [[Normal good]]
* [[Normal good]]
* [[Inferior good]]
 
[[Category:The_business_context]]

Latest revision as of 09:24, 8 April 2021

Economics - elasticity.

A good with an income elasticity of demand greater than one.

(Contrasted with a necessity.)


See also