Difference between revisions of "Luxury good"
Jump to navigation
Jump to search
(New page: A '''Luxury good''' is a good for which demand is inelastic. A Luxury good has and Income Elasticity of Demand greater than one. Category:Economics) |
(No difference)
|
Revision as of 15:55, April 4, 2007
A Luxury good is a good for which demand is inelastic. A Luxury good has and Income Elasticity of Demand greater than one.