Asked by
jewels castillo
on Oct 09, 2024
Verified
Consumers buy more of normal goods as their incomes rise.
Normal Goods
Goods for which demand increases as consumer income rises, and decreases as consumer income falls, reflecting a direct relationship between income and demand.
- Understand the influence of supply and demand on market balance and pricing levels.
Verified Answer
JS
Learning Objectives
- Understand the influence of supply and demand on market balance and pricing levels.