Computer equipment is believed to be a normal good.This means that
A)the quantity of computer equipment consumed decreases as income increases.
B)the income elasticity of demand for computer equipment is negative.
C)the quantity of computer equipment increases as income increases.
D)the quantity of computer equipment increases as income decreases.

Question

Quizplus · Accepted Answer

A normal good is a good for which demand increases as income increases. Therefore, the quantity of computer equipment consumed is expected to increase as income increases.

Computer Equipment Is Believed to Be a Normal Good