If a vacation in Paris is a normal good, other things being equal, an increase in consumer income will increase the demand for travel to Paris.

Name: If a vacation in Paris is a normal good, other things being equal, an increase in consumer income will increase the demand for travel to Paris.
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Question

If a vacation in Paris is a normal good, other things being equal, an increase in consumer income will increase the demand for travel to Paris. ​

Quizplus · Accepted Answer

If Paris vacation is a normal good, an increase in consumer income will increase the demand for it as people have more disposable income to spend on luxury items like vacations.

If a Vacation in Paris Is a Normal Good, Other