give meaning of normal good and prepare food with example of it
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Key Takeaways. A normal good is a good that experiences an increase in its demand due to a rise in consumers' income. Normal goods has a positive correlation between income and demand. Examples of normal goods include food staples, clothing, and household appliances.Sep
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Answer:
Key Takeaways. A normal good is a good that experiences an increase in its demand due to a rise in consumers' income. Normal goods has a positive correlation between income and demand. Examples of normal goods include food staples, clothing, and household appliances.
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