If a good is 'normal', then an increase in income will result in:

Name: If a good is 'normal', then an increase in income will result in:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A normal good is one where an increase in income leads to an increase in demand. This is because as people's incomes rise, they have more disposable income to spend, and may choose to purchase more of a given good. Therefore, an increase in income will result in an increase in the demand for the good.

If a Good Is 'Normal', Then an Increase in Income