Which price would you expect to rise the most in a high-income growing economy?

Question

Quizplus · Accepted Answer

In a high-income growing economy, the demand for luxury goods and experiences, such as tickets to a ballet performance, typically increases more significantly compared to more standard goods. This is because as people have more disposable income, they are more likely to spend on non-essential items that enhance their quality of life, such as cultural events.

Which Price Would You Expect to Rise the Most in a High-Income