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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 wealthy goods inferior goods rich people goods superior goods
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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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User Dimitri Kopriwa
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"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.
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User Mohammadalijf
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