Theory of consumer behaviour — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
What is meant by normal goods in economics?
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Answer
Normal goods are those goods, the demand for which is directly related to consumers' income. When income increases, demand for normal goods also increases and vice-versa, e.g. full cream milk, etc.
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