A. vertical
B. backward bending
C. horizontal
D. negatively sloped
Correct Answer: Option A
A. vertical
Explanation
Necessity goods are products and services that consumers will buy regardless of the changes in their income levels, therefore making these products less sensitive to the income change.
100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…