Of the following,which is most likely to be a normal good?
A) hamburger
B) automobiles
C) used clothing
D) low-rent housing units
E) macaroni and cheese

Name: Of the following,which is most likely to be a normal good? A) hamburger B) automobiles C) used clothing D) low-rent housing units E) macaroni and cheese
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Automobiles are typically considered a normal good because as people's income increases, they are more likely to purchase or upgrade their vehicles.

Of the Following,which Is Most Likely to Be a Normal