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What do you mean by normal …

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What do you mean by normal goods
  • 3 answers

Aman Chauhan 7 years, 1 month ago

These goods are good quality and income and price direct realtion

Vrinda Agrawal 7 years, 1 month ago

Normal goods are those goods in case of which there is a positive relation b/w consumer income and quantity demanded

Jyotsna Pandey 7 years, 1 month ago

normal good is any good for which demand increases when income increases, i.e. with a positive income elasticity
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