LamonicaMakanani
LamonicaMakanani LamonicaMakanani
  • 16-03-2015
  • History
Answered

those goods whose quantity demanded increases as income goes up are called wealthy goods inferior goods rich people goods superior goods

Answer :

HistoryGuy HistoryGuy
  • 17-03-2015
These goods are referred to as "superior goods." For a good to be superior, it must have a high price and be relatively scarce, so people only buy it when income rises.
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