When demand and income move in the same direction, a good is said to be:
A)a normal good.
B)an inferior good.
C)a complementary good.
D)a substitute good.

Question

When demand and income move in the same direction, a good is said to be:
A)​a normal good.
B)​an inferior good.
C)​a complementary good.
D)​a substitute good.

Quizplus · Accepted Answer

A normal good is a type of good whose demand increases when the income of the consumer increases. When demand and income move in the same direction, it indicates that the good is a normal good. This is because as the consumer's income increases, their ability to pay for the good also increases, leading to an increase in demand for the good.

When Demand and Income Move in the Same Direction, a Good