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.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…