Difference between revisions of "Normal Good"

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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.
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#REDIRECT [[Normal good]]
 
 
[[Category:Economics]]
 

Latest revision as of 02:17, May 30, 2009

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