A normal good is defined by economists to be a good
A) with a negatively-sloped demand curve.
B) that is purchased by at least 75 percent of the population.
C) that is bought by consumers with normal tastes.
D) whose demand increases when incomes increase.
E) whose demand decreases when incomes increase.

Question

Quizplus · Accepted Answer

A normal good is one for which demand increases as consumer income rises, reflecting a positive relationship between income and demand.

A Normal Good Is Defined by Economists to Be a Good