give the meaning of normal goods and inferior goods give revelent example
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Definitions:
A "normal good" is a good where, when an individual's income rises, they buy more of that good. An "inferior good" is a good where, when the individual's income rises they buy less of that good.
Examples:
Examples of normal goods are demand of LCD and plasma television, demand for more expensive cars, branded clothes, expensive houses, diamonds etc… increases when the income of the consumers increases. To the opposite side of normal goods are the inferior goods.
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Answer:
normal goods are called as some food goods or another like vegetables fruits etc but where as inferior goods are called as some chemical products like cosmetics etc
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