When products are expensive then how is the demand of prestigious goods of the rich?

Related MCQs

• How is the demand of most of goods of rich people?
• What will be the elasticity of demand if percentage change in demand is less than the percentage Change in price?
• What will be the nature of demand if elasticity of demand is 1?
• Which relationship of price and demand is explained by elasticity of demand?
• What is the slope of demand curve when demand is perfectly inelastic?
• The change in price of substitute good ------- the demand for goods.
• What is the meaning of the change in demand due to change in price of related goods?
• What is the elasticity of demand for luxury goods?
• Which examines the study of demand analysis in economics?
• How is the demand curves sloped?