Provide an example not mentioned in the chapter of each of the following types of goods: a.
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Provide an example not mentioned in the chapter of each of the following types of goods:
a. A normal good
b. An inferior good
c. Two goods that are substitutes
d. Two goods that are complements
e. A luxury good
f. A good that is a necessity
For each type of good listed above:
i. Indicate the type of elasticity you could use to verify that a good falls into that category.
ii. Indicate the range of values for the indicated type of elasticity that would place the good into that category.
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