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- Normal_good abstract "In economics, normal goods are any goods for which demand increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand. The term does not necessarily refer to the quality of the good, but an abnormal good would clearly not be in demand, except for possibly lower socioeconomic groups.In particular, when the price of a normal good is zero, the demand is infinite.Depending on the indifference curves, the amount of a good bought can either increase, decrease, or stay the same when income increases. In the diagram below, good Y is a normal good since the amount purchased increases from Y1 to Y2 as the budget constraint shifts from BC1 to the higher income BC2. Good X is an inferior good since the amount bought decreases from X1 to X2 as income increases.Examples include Holidays, Cars, diamonds, branded fashions, hi-tech products etc.example of a normal good and an inferior good".
- Normal_good thumbnail Inferior_good.png?width=300.
- Normal_good wikiPageID "367835".
- Normal_good wikiPageRevisionID "603323497".
- Normal_good hasPhotoCollection Normal_good.
- Normal_good subject Category:Goods.
- Normal_good type Abstraction100002137.
- Normal_good type Advantage105155821.
- Normal_good type Asset105154517.
- Normal_good type Attribute100024264.
- Normal_good type Good105159725.
- Normal_good type Goods.
- Normal_good type Quality104723816.
- Normal_good comment "In economics, normal goods are any goods for which demand increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.".
- Normal_good label "Bem normal".
- Normal_good label "Bien normal".
- Normal_good label "Dobra normalne".
- Normal_good label "Normal good".
- Normal_good label "Normales Gut".
- Normal_good label "正常物品".
- Normal_good sameAs Normální_statek.
- Normal_good sameAs Normales_Gut.
- Normal_good sameAs Bien_normal.
- Normal_good sameAs Barang_normal.
- Normal_good sameAs 정상재.
- Normal_good sameAs Dobra_normalne.
- Normal_good sameAs Bem_normal.
- Normal_good sameAs m.020519.
- Normal_good sameAs Q1946459.
- Normal_good sameAs Q1946459.
- Normal_good sameAs Normal_good.
- Normal_good wasDerivedFrom Normal_good?oldid=603323497.
- Normal_good depiction Inferior_good.png.
- Normal_good isPrimaryTopicOf Normal_good.