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.
If the marginal utility of commodity is equal to its price, then ...
A country has a surplus in its balance of visible trade if ...
Economic problems arises because ...
Which of the following will enhance productivity in an economy? ...
Which of the following is NOT a problem of population census in Nigeria? ...
Which is NOT a direct effort to increase Agricultural production in Nigeria? ...
Find the range in the following data 9, 15, 6, 20, 24, 18, 12, 8, 20, 10, 5. ...
Which of the following will have a more destabilizing effect on the economy? ...