c8essianikkiP c8essianikkiP
  • 21-10-2016
  • Business
contestada

What does the term normal goods refers to?

Respuesta :

SJ2006
SJ2006 SJ2006
  • 25-10-2016
Normal goods are any goods for which demand increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.
Answer Link
kerria872891
kerria872891 kerria872891
  • 08-05-2019

goods that consumers demand more of when their incomes increase

Answer Link

Otras preguntas

The name of each contestant is written on a separate card, the cards are placed in a bag, and three names are picked from the bag. Identify which type of sampli
What expression represents the number of squares in terms of the figure number?
how reliable are grammar checkers?
Which Kelvin temperature is equal to 200.°C?
how can I solve this square of binomial? (5d - 7d^2t)^2?
What is the scientific name of 'touch me not' plant? can you give an explanation about its mechanism?
Write the equation For a Line that intersects points(1,3) And (2,5) which one is a.y=x+2 B.y=2x+1. C.y=3x-3. D.Y=-x+3 For me is letter B.please help
How many faces edges vertices does a decagonal prism have ?
how is acceleration of the cart related to the amount of force acting on it? the strips of it?
What are the functions of:Salivary Glands...Gallbladder...Liver...Pancreas..