Which of the following statements about the demand for a normal good is the most accurate?
A) It decreases when price rises.
B) It decreases when income falls.
C) It increases when income falls.
D) It increases when price rises.

Question

Quizplus · Accepted Answer

The demand for a normal good decreases when income falls because people have less money to spend, reducing their ability to purchase normal goods.

Which of the Following Statements About the Demand for a Normal