those goods whose quantity demanded increases as income goes up are called wealthy goods inferior goods rich people goods superior goods

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25-03-2015
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those goods whose quantity demanded increases as income goes up are called wealthy goods inferior goods rich people goods superior goods

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HistoryGuy HistoryGuy · Answer 1 · 2015-03-29T14:17:50-04:00

HistoryGuy HistoryGuy

29-03-2015

"Those goods whose quantity demanded increases as income goes up are called "superior" goods. This is common. When demand decreases and income increases, this is called an inferior good.

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