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Social Studies, 15.10.2019 17:50 lohggg
How does a person’s perception of a good as a necessity or a luxury affect his or her purchase of it? a. if a good is perceived as a luxury, demand becomes inelastic. b. a good that is perceived as a necessity will be purchased even if the price rises. c. a good that is perceived as expensive will no longer be considered a necessity. d. people who have a lot of money will buy goods even if they think they are a luxury.
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How does a person’s perception of a good as a necessity or a luxury affect his or her purchase of it...
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