Goods for which demands rises as income rises are

Assessment: WAEC SSCE - Economics - 2010 (Objective) Subject: Economics

Question 1 Report

Goods for which demands rises as income rises are
Answer Details
Goods for which demand rises as income rises are called normal goods. As consumers' income increases, they tend to purchase more of these goods. Examples of normal goods include luxury items such as expensive jewelry or high-end vehicles, as well as everyday items such as clothing and household appliances.
Read lesson note on The Theory Of Demand (JAMB)
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