The demand curve for a luxury good is
...The demand curve for a luxury good is
Negatively sloped
Parallel to the price axis
Parallel to the quantity axis
Positively sloped
Correct answer is D
The demand for a luxury good upward and positively sloping. Meaning the demand increases as the price increases.
Foreign investment can be attracted to Nigeria through ...
An economic problem exists whenever ...
The situation whereby in a fiscal year a government’s revenue receipt are less than its expend...
When a nation’s exports are greater than its imports ...
The law of diminishing marginal utility applies to a ...
A country has a surplus in its balance of visible trade if ...
In the national income and product accounts, double counting is avoided if ...
Which of the following is not true about land? ...
From the diagram above, the quantity of output is determined by the point ...
The business risks of a public corporation are borne ultimately________ ...