c8essianikkiP c8essianikkiP
  • 21-10-2016
  • Business
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What does the term normal goods refers to?

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SJ2006
SJ2006 SJ2006
  • 25-10-2016
Normal goods are any goods for which demand increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.
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kerria872891
kerria872891 kerria872891
  • 08-05-2019

goods that consumers demand more of when their incomes increase

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