Normal goods are those for which demand decreases as

Name: Normal goods are those for which demand decreases as
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Normal goods are those that have a positive income elasticity of demand, meaning that as income increases, demand increases and as income decreases, demand decreases. Therefore, Choice A (income decreases) is the correct answer. Choices B, C, and D refer to factors that affect the price elasticity of demand, but not necessarily the income elasticity of demand for normal goods.

Normal Goods Are Those for Which Demand Decreases as