Question

Define normal goods with example.

Answer 1

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Normal goods are any items for which demand increases when income increases. Whole wheat, organic pasta noodles are an example of a normal good.These are often contrasted with inferior goods. Inferior goods are goods in which demand increases when income decreases, such as canned soups and vegetables.

Answer 2

Answer:

normal goods are those goods

for which demand increases when income increases. Whole wheat, organic pasta noodles are an example of a normal good. ...

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