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Luxury good
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Revision as of 15:55, April 4, 2007
182 bytes added
,
15:55, April 4, 2007
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
A '''Luxury good''' is a good for which [[demand]] is [[Inelastic Demand|inelastic]]. A Luxury good has and [[Income Elasticity of Demand]] greater than one.
[[Category:Economics]]
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