If a good is a normal good then
A) other things equal,no consumer will buy it
B) a rise in income or wealth will increase the amount of the good that consumers will purchase
C) a decline in income will increase the amount of it that consumers will purchase
D) abnormal goods are never substituted for it
E) normal consumers will always demand it

Question

Quizplus · Accepted Answer

A normal good is a product for which demand increases as consumer income or wealth increases. Therefore, option B is correct as a rise in income or wealth will increase the amount of the good that consumers will purchase.

If a Good Is a Normal Good Then