For each of the following goods, state whether it is a normal good, a luxury, a necessity,
Question:
For each of the following goods, state whether it is a normal good, a luxury, a necessity, or an inferior good.
Explain your answers.
a. Vodka.
d. Perfume.
b. Table salt.
e. Beer.
c. Furniture.
f. Sugar.
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a Vodka Vodka is often considered a normal good As income increases people may be more inclined to p...View the full answer
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