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

Question

Quizplus · Accepted Answer

A good is considered normal if its consumption increases as income increases. The opposite is an inferior good, where consumption decreases as income increases. Therefore, option D is the correct choice.

A Good Is Normal for a Consumer If