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

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asked Feb 2, 2016 227k views

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Mohammadalijf · Answer 1 · 2016-02-09T03:32:23+0000

"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.

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

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