When people make more money,they sometimes take more vacation time.Based on this information,we can say that leisure is a(n)________ good.

Question

Quizplus · Accepted Answer

A normal good is a type of good in which an increase in income results in an increase in demand. As people make more money, they tend to have more disposable income to spend on leisure activities such as vacations, leading to an increase in demand for leisure. Therefore, leisure is a normal good.

When People Make More Money,they Sometimes Take More Vacation Time