When consumers' incomes increased 6 percent, the quantity of wine bought increas

Lauren1

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When consumers' incomes increased 6 percent, the quantity of wine bought increas

When consumers' incomes increased 6 percent, the quantity of wine bought increased 12 percent. This result means
A) wine is a luxury.
B) the demand for wine is income inelastic.
C) wine is a necessity.
D) wine is an inferior good.

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Lauren1 Author

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9 years ago

Thank you, this really, really helps Heavy Heart

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MrDereche

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9 years ago

You're welcome!

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