A camera in the hands of a professional photographer is a            good.

Related MCQs

• A hammer in the hands of a house-wife is a              good.
• A check of accounting records conducted by a professional accountant to find out any fraud or discrepancies is termed as:
• When the demand for a good increases with an increase in income, such a good is called -
• The reduction in the useful life of a capital good or consumer good through economic or technological change as distinct from physical deterioration in use is termed as:
• The demand curve for a Giffen good is
• "Bad money will drive out good money from circulation." This is known as :
• In the case of an inferior good, the income elasticity of demand is :
• If a good has negative income elasticity and positive price elasticity of demand, it is a
• For an inferior good, demand falls when -
• Whch of the following curve describes the variation of household expenditure on a particular good with respect to household income?