Answered

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When a product's demand varies directly with money income, it is considered a(n) ______ good.

Sagot :

When a product's demand varies directly with money income, it is considered a superior good.

What is the demand?

Demand can be defined as the fact that the customers would make the demand or ask for the product or service and pay for the same. It depends upon the need and want of the people.

A product is a superior good or that good health a considered as the best quality of food the product demand there is direct with the money or the income as the people are ready to pay the amount.

A commodity with income levels higher than 1, is the one that increases in consumption as wealth does for a person.

Learn more about demand, here:

https://brainly.com/question/13320101

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