Refer to the information in the accompanying table.Without any calculations,we know that sushi is a(n)
A) necessity.
B) substitute for fish sticks.
C) normal good.
D) inferior good.
E) complement to sake.

Question

Refer to the information in the accompanying table.Without any calculations,we know that sushi is a(n) 
A) necessity. 
B) substitute for fish sticks. 
C) normal good. 
D) inferior good. 
E) complement to sake.

Quizplus · Accepted Answer

Sushi has a positive income elasticity of demand, meaning that as income increases, demand for sushi also increases. This is characteristic of a normal good.

Refer to the Information in the Accompanying Table