If an increase in income leads to an increase in the demand for opera tickets,then opera concerts are a(n):

Name: If an increase in income leads to an increase in the demand for opera tickets,then opera concerts are a(n):
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Quizplus · Accepted Answer

A normal good is one for which the demand increases as income increases. In this case, an increase in income leads to an increase in demand for opera tickets, indicating that opera tickets are a normal good.

If an Increase in Income Leads to an Increase in the Demand