For which of the following types of goods would the income elasticity of demand be positive and relatively large?
A)all inferior goods
B)all normal goods
C)goods for which there are many good complements
D)luxuries

Question

Quizplus · Accepted Answer

Luxuries are goods that people buy more of as they get wealthier, so the income elasticity of demand for luxuries would be positive and relatively large.

For Which of the Following Types of Goods Would the Income