An income-demand curve for a “Luxury Commodity” slopes-

upward to the right from the origin
vertically
upwards from left to right only beyond a certain level of consumer's income
horizontally

The correct answer is: A. upward to the right from the origin.

A luxury good is a good for which demand increases as income increases. This is because as people become wealthier, they are able to afford more luxury goods. The income-demand curve for a luxury good will therefore slope upward to the right from the origin.

Option B is incorrect because a vertical income-demand curve would indicate that demand for the good is not affected by income. This is not the case for a luxury good, as demand for a luxury good will increase as income increases.

Option C is incorrect because an upward-sloping income-demand curve that only starts

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beyond a certain level of income would indicate that demand for the good is not affected by income until a certain level of income is reached. This is not the case for a luxury good, as demand for a luxury good will increase as income increases, regardless of the level of income.

Option D is incorrect because a horizontal income-demand curve would indicate that demand for the good is perfectly inelastic with respect to income. This is not the case for a luxury good, as demand for a luxury good will increase as income increases.

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