Suppose the income elasticity of air conditioners is +1.8, which kind of good is an air conditioner? (a) Conspicuous goods (b) Normal good (c) Inferior good (d) Superior good

Anju · 23 Nov 2023

Superior good

Syeda · 23 Nov 2023

Its superior goods coz income elasticity is greater than 1 which means luxury goods

Aayushi · 23 Nov 2023

(d)

kunal · 23 Nov 2023

d) superior good

Hello · 23 Nov 2023

I think normal goods

Chandan · 23 Nov 2023

d) superior good

Karthik. · 23 Nov 2023

Ei=1 is conspicuous good

Karthik. · 23 Nov 2023

(-) is inferior good, Ei<1 is a normal good, Ei=1 , Ei>1 luxurious good, so the answer is option d

Kavitha · 23 Nov 2023

this is superior goods 😉

Karthik. · 23 Nov 2023

Sorry it's a superior good

Faizan · 23 Nov 2023

Luxury goods

Karthik. · 23 Nov 2023

a) conspicuous goods

vinni · 23 Nov 2023

If a good has income elasticity more than 1 then it is a luxury goods.. This Is superior goods

Ashwin · 23 Nov 2023

(a) Conspicuous Good