Difference between revisions of "Normal Good"
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(New page: A Normal good is a good for which demand increases when average income increases. The majority of goods are normal goods, while only a few are Inferior Goods. Category:Economics) |
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| − | A Normal good is a good for which demand increases when average income increases. | + | 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. {{User:MarkP}} |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 21:29, May 18, 2007
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 Goods. User:MarkP