📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Normal goods, such as food and clothing, are

    characterized by a direct relationship between which of the following?
    A Sale and income Correct Answer Incorrect Answer
    B Demand and income Correct Answer Incorrect Answer
    C Loss and Demand Correct Answer Incorrect Answer
    D Demand and Supply Correct Answer Incorrect Answer

    Solution

    Normal goods exhibit a direct relationship between demand and income. As consumer income rises, the demand for these goods typically increases, which is a fundamental concept in economics.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call