Explore a vast range of topics and get informed answers at IDNLearn.com. Get accurate and comprehensive answers from our network of experienced professionals.
those goods whose quantity demanded increases as income goes up are called wealthy goods inferior goods rich people goods superior goods
"Those goods whose quantity demanded increases as income goes up are called "superior" goods. This is common. When demand decreases and income increases, this is called an inferior good.
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. IDNLearn.com provides the answers you need. Thank you for visiting, and see you next time for more valuable insights.
