Economy, asked by dwayne19jhonson, 9 months ago

which type of relationship between consumer income and his demand for normal goods

Answers

Answered by vlkannan1975
0

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

Explanation:

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Answered by Anonymous
9

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When the income increases the demand decreases, and when then income decreases the demand increases. a change in the price of a related good may either increase or decrease the demand for a product, dependending on whether the related good is a substitute or a complement.

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