If a product is a normal good, an increase in your income will
A) increase demand for the product.
B) decrease demand for the product.
C) increase supply of the product.
D) decrease supply of the product.

Question

Quizplus · Accepted Answer

For a normal good, an increase in income leads to an increase in demand as consumers are willing and able to purchase more of the good at any given price.

If a Product Is a Normal Good, an Increase in Your