What is a normal product?
A)It is a product which consumers buy regularly.
B)It is a product which consumers buy more of as their incomes increase.
C)It is a product which consumers buy less of as their incomes increase.
D)It is a product which consumers buy more of as their incomes decrease.

Question

Quizplus · Accepted Answer

A normal product is one for which demand increases as income increases. This means that the product is a normal good when consumers have higher disposable income, they tend to consume more of it.

What Is a Normal Product