Answer:
b. It is a luxury good.
Explanation:
Income Elasticity = 2
The Income Elasticity > 1. So, it is luxury goods. In economics, income elasticity for luxury goods is greater than 1 (i.e. Income Elasticity > 1). So option b is correct.
It should be noted that a sustainable society would emphasize using energy efficiently and reusing and recycling matter.
<h3>What is a sustainable society?</h3>
A sustainable society can be regarded as a society that based her source of energy on resuable source.
This source can be solar because it is resuable unlike crude oil , therefore using energy efficiently and reusing and recycling matter should be a target.
Learn more about sustainable society at;
brainly.com/question/3406415
Answer:
component lifestyle
Explanation:
Component lifestyle is a technique that is employed to fulfil diverse needs rather than some traditional lifestyle. It is designed in such a way to deal with different forms of ideas, thoughts. Component lifestyle is characterised by selecting goods and services that fulfil the needs of various peoples with different styles. Component lifestyle is an efficient way to design products and services to gain more customers.