If consumers are more willing to spend money on property as their incomes increased within a prosperous economy, property is likely to be a normal good.

Name: If consumers are more willing to spend money on property as their incomes increased within a prosperous economy, property is likely to be a normal good.
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Quizplus · Accepted Answer

This statement is true based on the definition of a normal good. As consumers' incomes increase, they are more willing to spend money on normal goods such as property.

If Consumers Are More Willing to Spend Money on Property