If a good is normal,its
A)Price elasticity of demand is positive.
B)Income elasticity of demand is negative.
C)Income elasticity of demand is positive.

Question

Quizplus · Accepted Answer

A normal good is one for which the quantity demanded increases as income increases. This means that as income rises, consumers are willing to spend more on the good, causing the demand curve to shift to the right. Therefore, the income elasticity of demand for a normal good is positive.

If a Good Is Normal,its