LuxuriesGoods and services that hav

Luxuries

Goods and services that have a high elasticity of demand.

When the price of, say, a caribbean holiday rises, the number of vacations demanded falls sharply. Likewise, demand for caribbean holidays rises significantly as averageincome increases, certainly by more than demand for many normal goods. Contrast this with necessities, such as milk or bread, which people usually demand in quite similar quantities whatever their income and whatever the price.

Results (Indonesian) 2:

Kemewahan Barang dan jasa yang memiliki elastisitas tinggi permintaan. Ketika harga, katakanlah, liburan Karibia naik, jumlah liburan menuntut jatuh tajam. Demikian juga, permintaan untuk liburan Karibia meningkat secara signifikan sebagai averageincome meningkat, tentunya dengan lebih dari permintaan barang banyak normal. Kontras ini dengan kebutuhan, seperti susu atau roti, yang orang biasanya menuntut dalam jumlah sangat mirip apa pun pendapatan dan apa pun mereka harga.