A normal good is one for which

A) demand increases as income increases.
B) demand increases as income decreases.
C) the demand curve is horizontal.
D) demand increases as the price of a substitute increases.

A

Economics

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What economist in the early 20th century refined the use of the equation of exchange?

A) Jean-Baptiste Say B) Irving Fisher C) Thomas Malthus D) Adam Smith

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How do the fluctuations in the exchange rate influence the domestic price level?

What will be an ideal response?

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