All quasilinear goods are necessities.

Name: All quasilinear goods are necessities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Quasilinear goods are goods that have a linear demand curve for quantities greater than or equal to some positive quantity. Necessities are goods that have a positive income elasticity of demand. Since the demand curve for quasilinear goods is linear, the income elasticity of demand is zero, which means that quasilinear goods are not necessities.

All Quasilinear Goods Are Necessities