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QUESTION IMAGE

after subsistence levels of food, shelter, and clothing have been provi…

Question

after subsistence levels of food, shelter, and clothing have been provided, economists refer to all other goods and services as multiple choice wants. luxuries. inferior goods. needs.

Explanation:

Brief Explanations

In economics, after basic subsistence - level needs (food, shelter, clothing) are met, other goods and services are considered wants. Needs are essential for survival, luxuries are high - end non - essential goods, and inferior goods have a negative income effect.

Answer:

A. wants