Which of the following is most likely NOT an example of a normal good?
A) Lobster
B) Sports cars
C) Bus travel
D) Jacuzzis

Question

Quizplus · Accepted Answer

Normal goods are those goods for which demand increases as income increases, meaning that they are considered to be luxury or high-end goods. Bus travel is a common and affordable mode of transportation for most people and is not typically viewed as a luxury or high-end good, making it unlikely to be an example of a normal good.

Which of the Following Is Most Likely NOT an Example