Home >  Blossary: Microeconomic Terms  >  Term: normal good
normal good

A good for which an increase in income directly relates to an increase in demand for that good.

0 0

Microeconomics

Category: Education

Total terms: 20

Creator

  • Timmwilson
  • (Beijing, China)

  •  (Bronze) 187 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.