MICROECONOMICS CH : 5 THEORY OF DEMAND — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 5 THEORY OF DEMAND1 Mark
Question
What do you mean by a normal good?
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Answer
It is a good whose demand increases with rise in income and decreases with fall in income of the consumer. So that, there is a positive relation between income and quantity demanded.
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