Question

HELP!! WILL GIVE MEDAL!!
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 elastic.

B. People who have a lot of money will buy goods even if they think they are a luxury.

C. A good that is perceived as expensive will no longer be considered a necessity.

D. A good that is perceived as a necessity will be purchased even if the price rises.

I am not sure at all about this question. Can someone please help me fine the answer?

Answer 1

@angel12310 @eddie16 @superpac

Answer 2

b

Answer 3

I'm going to have to say D.

Answer 4

How did you get B as an answer? @angel12310
And how did you get D as an answer? @superpac

Answer 5

this one is either b or d i'm not sure

Answer 6

i think A good that is perceived as a necessity will be purchased even if the price rises.

Answer 7

Well it could be either one but D could seem like a good answer

Answer 8

d

Answer 9

or b

Answer 10

eliminate c