Ink jet printers are a normal good only if,as income falls by a certain percentage,the quantity demanded rises by an even greater percentage.

Name: Ink jet printers are a normal good only if,as income falls by a certain percentage,the quantity demanded rises by an even greater percentage.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Ink jet printers are typically considered a luxury or discretionary purchase, meaning that as income falls, the quantity demanded is likely to decrease as well. Therefore, ink jet printers are not a normal good.

Ink Jet Printers Are a Normal Good Only If,as Income