During an economic upturn when consumer income rises, the demand for caviar increases and the demand for hummus decreases. This implies that caviar

Name: During an economic upturn when consumer income rises, the demand for caviar increases and the demand for hummus decreases. This implies that caviar
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Caviar is considered a normal good because its demand increases with an increase in consumer income. Hummus is considered an inferior good because its demand decreases as consumer income rises.

During an Economic Upturn When Consumer Income Rises, the Demand