Difference between revisions of "Luxury good"

Revision as of 03:32, May 16, 2007

A Luxury good is a good for which demand is inelastic. A Luxury good has and income elasticity of demand greater than one.

Revision as of 03:27, May 16, 2007 (view source) Mtur (talk \| contribs) (Linking to lower case version of article) ← Older edit	Revision as of 03:32, May 16, 2007 (view source) TimS (talk \| contribs) m (Luxury Good moved to Luxury good) Newer edit →
(No difference)