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What is a "normal" good?

freckles

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Posts: 144

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A year ago

What is a "normal" good?

What is a "normal" good?

▸ a good that everyone normally consumes

▸ a good for which demand does not vary with household income

▸ a good that normal people consume

▸ a good for which demand varies directly with household income

▸ a good for which demand varies inversely with household income

Textbook

Microeconomics

Microeconomics

Edition: 17^th

Author: Ragan

Read 22 times

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nancy123

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freckles Author

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