lindajones1364 lindajones1364
  • 26-02-2018
  • Business
contestada

Which type of good do people buy more of as their income rises?

Respuesta :

MrsTriplet MrsTriplet
  • 08-03-2018
As ones income rises people buy more normal goods. Normal goods are broken up into two categories: necessities and luxuries. When you have more money than before, you are able to purchase more items and are 'less' careful with what those items are. An example could be getting a raise at work and buying new furniture or purchasing pre-made meals versus the ingredients that are cheaper and making the meal yourself. 
Answer Link

Otras preguntas

Alfred is practicing typing. The first time he tested himself, he could type 23 words per minute. After practicing for a week, he could type 26 words per minute
If 10 men can complete a piece of work in 30 days how many men are requiredto complete the same job in 25 days?
evaluate the expression. write answer without exponets64 to the 1/2 power
How does forest catch fire in the summer season
X2+Y2=25 Is solving this problem considered a function? How do I plot a graph using a smooth curve for this problem?
What number is midway between 2/3 and 1?
Alfred is practicing typing. The first time he tested himself, he could type 23 words per minute. After practicing for a week, he could type 26 words per minute
what is irrational numbers and what is rational numbers?
1. Explain with reasons why burning of paper is a chemical change.
find (f-g)(x). What is the domain of f/g f(x)=2x-5 g(x)=2-x