Asked by
salih al awsi
on Nov 17, 2024
Verified
When Mario's income decreases, he buys more pasta. For Mario, pasta is a normal good.
Normal Good
A type of good for which demand increases as the income of consumers increases, reflecting a direct relationship between income and demand.
- Understand how changes in income affect the demand for normal and inferior goods.
Verified Answer
PA
Learning Objectives
- Understand how changes in income affect the demand for normal and inferior goods.