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ice5192 ice5192
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6 years ago
A good is normal for a consumer if
A) it is always consumed in a consistent quantity.
B) its consumption rises when income rises.
C) its consumption falls when income rises.
D) some minimal level of the good must be consumed to assure the consumer's survival.
E) the assumption of "more is always preferred to less" holds.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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Blade73Blade73
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6 years ago
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ice5192 Author
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