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- Superior_good abstract "Superior goods make up a larger proportion of consumption as income rises, and therefore are a type of normal goods in consumer theory. Such a good must possess two economic characteristics: it must be scarce, and, along with that, it must have a high price. The scarcity of the good can be natural or artificial; however, the general population (i.e., consumers) must recognize the good as distinguishably better. Possession of such a good usually signifies "superiority" in resources, and usually is accompanied by prestige. The prestige-value of some superior goods is so high that a price decline would lower demand; these are Veblen goods.The income elasticity of a superior good is above one by definition, because it raises the expenditure share as income rises. A superior good also may be a luxury good that is not purchased at all below a certain level of income. Examples would include smoked salmon and caviar, and most other delicacies. On the other hand, superior goods may have a wide quality distribution, such as wine and holidays; however, though the number of such goods consumed may stay constant even with rising wealth, the level of spending will go up, to secure a better experience.".
- Superior_good thumbnail Six_types_of_caviar.jpg?width=300.
- Superior_good wikiPageExternalLink e.html.
- Superior_good wikiPageExternalLink PTlect3y.pdf.
- Superior_good wikiPageID "1845001".
- Superior_good wikiPageRevisionID "544005849".
- Superior_good hasPhotoCollection Superior_good.
- Superior_good subject Category:Goods.
- Superior_good type Abstraction100002137.
- Superior_good type Advantage105155821.
- Superior_good type Asset105154517.
- Superior_good type Attribute100024264.
- Superior_good type Good105159725.
- Superior_good type Goods.
- Superior_good type Quality104723816.
- Superior_good comment "Superior goods make up a larger proportion of consumption as income rises, and therefore are a type of normal goods in consumer theory. Such a good must possess two economic characteristics: it must be scarce, and, along with that, it must have a high price. The scarcity of the good can be natural or artificial; however, the general population (i.e., consumers) must recognize the good as distinguishably better.".
- Superior_good label "Superior good".
- Superior_good label "Superiores Gut".
- Superior_good label "上級財".
- Superior_good sameAs Superiores_Gut.
- Superior_good sameAs Barang_superior.
- Superior_good sameAs 上級財.
- Superior_good sameAs m.060h3c.
- Superior_good sameAs Q352567.
- Superior_good sameAs Q352567.
- Superior_good sameAs Superior_good.
- Superior_good wasDerivedFrom Superior_good?oldid=544005849.
- Superior_good depiction Six_types_of_caviar.jpg.
- Superior_good isPrimaryTopicOf Superior_good.