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A Normal good is a good for which demand increases when average income increases. There name comes from the fact that there will always be an equal demand for them The majority of goods are normal goods, while only a few are [[Inferior Good]]s.
A '''Normal good''' is a good for which demand increases when average income increases. There name comes from the fact that there will always be an equal demand for them The majority of goods are normal goods, while only a few are [[Inferior Good]]s.
[[Category:Economics]]
[[Category:Economics]]