Which of the following is TRUE of a normal good?
A)When income increases, the demand for the good remains unchanged.
B)When income increases, the demand for the good decreases.
C)When income increases, the demand for the good increases.
D)Income and the demand are unrelated.

Question

Quizplus · Accepted Answer

A normal good is a good for which demand increases as income increases. Therefore, when income increases, the demand for the good also increases.

Which of the Following Is TRUE of a Normal Good