Normal goods
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Posted by Danish Das 5 years ago
- 2 answers
Gaurav Seth 5 years ago
A normal good is a good that experiences an increase in its demand due to a rise in consumers' income. In other words, if there's an increase in wages, demand for normal goods increases while conversely, wage declines or layoffs lead to a reduction in demand.
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Sujal Vaish 5 years ago
1Thank You