All else equal, the demand for _____ good will increase when income increases.
A) an inferior
B) a normal
C) a complementary
D) a substitute

Name: All else equal, the demand for _____ good will increase when income increases. A) an inferior B) a normal C) a complementary D) a substitute
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Question

Quizplus · Accepted Answer

Normal goods are those for which demand increases as income increases, because people are able to buy more of these goods when they have higher incomes.

All Else Equal, the Demand for _____ Good Will Increase