If a consumer's purchases of a product increases as income increases, this good is classified as a(n):

a. superior good.
b. inferior good.
c. substitute good.
d. complementary good.
e. normal good.

e

Economics

You might also like to view...

Differentiate between a change in demand and a change in quantity demanded

What will be an ideal response?

Economics

Why don't classical economists or monetarists advocate increasing the money supply in order to raise real GDP?

Economics