A normal good is one for which

a. demand increases as income increases.
b. demand increases as income decreases.
c. the demand curve is horizontal.
d. demand increases as the price of a substitute increases.

Question

26-06-2024
Business

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A normal good is one for which

a. demand increases as income increases.
b. demand increases as income decreases.
c. the demand curve is horizontal.
d. demand increases as the price of a substitute increases.

Sagot :

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A normal good is one for whicha. demand increases as income increases.b. demand increases as income decreases.c. the demand curve is horizontal.d. demand increases as the price of a substitute increases.

Sagot :

Other Questions

A normal good is one for which

a. demand increases as income increases.
b. demand increases as income decreases.
c. the demand curve is horizontal.
d. demand increases as the price of a substitute increases.