Economy, asked by irinamarak18, 5 months ago

give the meaning of normal goods and inferior goods give revelent example​

Answers

Answered by SparklyGeogony
37

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.

hope it helps you!!... xD

Answered by ranirebecca2
0

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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