A major determinant of the demand for a luxury goods is

a

the price of the goods

b

the price of other goods

c

the income of consumers

d

tastes and fashion

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Explanation

Correct Option
a

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Discussions (4)

Tendercadet
3 years ago

for a luxury good to be consumed thats to say they will be an increase in the consumers income,so A cant take the answer....even knowing that to buy a fancy car u need to earn well to get it..so a luxury goods is determined by the income the consumers

Heryinkehola
1 year ago

the answer is c

ifeeest
2 years ago

the answer is option c

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