A normal good is a good that:
A) provides pleasure.
B) would generally be owned by an average household.
C) has a value greater than zero.
D) is desired in larger quantities by a consumer when his or her income rises.

Question

Quizplus · Accepted Answer

A normal good is a type of good whose demand increases with an increase in the income of the consumer. Thus, when a consumer's income rises, they are more likely to desire larger quantities of a normal good.

A Normal Good Is a Good That