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What do you mean by a normal good? - Economics

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प्रश्न

What do you mean by a normal good?

When is a good considered a normal good?

What is a normal good?

What are normal goods?

अति संक्षिप्त उत्तर
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उत्तर

A good whose demand increases with an increase in a consumer’s income (and decreases with a fall in income) is called a normal good.

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