menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    Which of the Following Types of Goods Would Have a Large
Solved

Which of the Following Types of Goods Would Have a Large

Question 147

Question 147

Multiple Choice

Which of the following types of goods would have a large income elasticity


A) luxuries
B) necessities
C) substitutes
D) complements

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q93: The midpoint method is used to calculate

Q143: Moving up a linear demand curve,what happens

Q145: Figure 5-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 5-1

Q146: When is demand said to be inelastic<br>A)when

Q148: Why could the discovery of a new

Q149: If the demand for sushi is downward

Q150: You produce bird houses.If the demand for

Q151: If the cross-price elasticity of demand of

Q152: When demand is elastic,what is the price

Q157: Supply tends to be more elastic in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines