A normal good would have a positive price-elasticity of demand.

Name: A normal good would have a positive price-elasticity of demand.
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Question

Quizplus · Accepted Answer

A normal good's demand typically increases as income increases, but price elasticity of demand measures how demand responds to price changes, not income changes. Positive price elasticity indicates a good is a luxury, while negative indicates it is a necessity.

A Normal Good Would Have a Positive Price-Elasticity of Demand