English

Define Normal goods - Economics

Advertisements
Advertisements

Question

Define Normal goods

Definition
Advertisements

Solution

Normal goods are those goods the demand for which increases with increase in income of the consumers, and decreases with fall in income.

shaalaa.com
  Is there an error in this question or solution?
Chapter 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [Page 26]

APPEARS IN

Frank Economics [English] Class 12 ISC
Chapter 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 6. (e) | Page 26
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×