Which one of the following goods is most likely to be a luxury good?
A) Potatoes
B) Flour
C) Chicken
D) Wine

Name: Which one of the following goods is most likely to be a luxury good? A) Potatoes B) Flour C) Chicken D) Wine
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Question

Quizplus · Accepted Answer

Luxury goods are items that are not necessary for survival and are often considered to be of higher quality or status. Wine fits this description more closely than potatoes, flour, or chicken, which are staple foods.

Which One of the Following Goods Is Most Likely to Be