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Glenn E
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Glenn E asked in Social ScienceEconomics · 1 decade ago

What are high level goods and services?

For a GEO assignment can't find it anywhere

1 Answer

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  • Archimedes
    1 decade ago
    Favorite Answer

    Maybe the assignment is referring to "luxury" goods and services, which have a high income elasticity of demand. This means demand for these goods/services increases a lot as income increases and also falls a lot as income decreases.

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