If an increase in income leads to an increase in the demand for a good, then the good is said to be:
A) normal.
B) a luxury.
C) inferior.
D) a staple or necessity.

Question

Quizplus · Accepted Answer

If an increase in income leads to an increase in the demand for a good, then the good is said to be a normal good. This means that as income increases, people are willing and able to purchase more of the good.

If an Increase in Income Leads to an Increase in the Demand