For most homes the phonograph was a luxury good. However, for a radio broadcasting station the phonograph was a necessity good.
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
A person's perception of whether a good is a necessity or a luxury can influence their buying behavior. If they perceive a good as a necessity, they are more likely to prioritize purchasing it regardless of their financial situation. On the other hand, if they see a good as a luxury, they may only buy it when they have extra disposable income or when they want to treat themselves.
a good that is perceived as a necessity will be purchased even if the price rises
the answer is that some people think it is a necessity, but it used to be a luxury in the 80's
there are none
Is orthodoncia a luxury or a necessity
If you often have guests at your house, and you prefer a formal dinner, than it is a necessity. Otherwise, it can be considered a luxury.
being ethical in business is no longer a luxury. it a necessity