What are examples of supirior goods?

Answer 1

Superior goods, also known as luxury goods, are products for which demand increases more than proportionately as income rises. Examples include high-end brands like Rolex watches, designer handbags from brands like Gucci or Prada, and luxury cars such as Ferrari or Bentley. As consumers' disposable income grows, they tend to purchase more of these goods, reflecting their status and preferences for quality and exclusivity.