normal good
normal good · normal goods
A good for which demand increases when income increases and falls when income…A good 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.
» Sami is a normal good person.
OsoHombre · Tatoeba · CC BY 2.0 FRMeaning
1 sensesA good 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.
Examples
1 sentencesSami is a normal good person.
Forms
plural: normal goods| Singular | normal good |
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| Plural | normal goods |
regular
Antonyms
1 antonymsSee also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.