Economy, asked by sitalsingh26, 3 months ago

what is normal consumer?...​

Answers

Answered by kailashkumhar1975
2

Answer:

A normal good has an elastic relationship between income and demand for the good. In other words, changes in demand and income are positively correlated or move in the same direction. ... A normal good has an income elasticity of demand that is positive, but less than one.

Answered by prapti200447
1

A consumer is a person or a group who intends to order, orders, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, not directly related to entrepreneurial or business activities.

Explanation:

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