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Superior good (view source)

Revision as of 02:38, February 16, 2007

296 bytes added ,  02:38, February 16, 2007
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A superior good is the same as a [[normal good]]: its consumption increases as money income increases, assuming the price of the good remains constant. Conversely, the consumption of a superior good decreases as money income of consumers decreases. Consumer goods are usually normal or superior.
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