Normal good
This is the current revision of Normal good as edited by DavidB4-bot (talk | contribs) at 16:46, July 13, 2016. This URL is a permanent link to this version of this page.
A normal good is one whose consumption increases as money income increases, assuming the price of the good remains constant. Conversely, the consumption of a normal good decreases as money income of consumers decreases. Consumer goods are usually normal.
This term is easy to remember because a normal good typifies what is "normal" in response to increases or decreases in income of consumers.
A normal good is also known as a superior good.