Question:medium
When income increases, the demand for type of goods will increase:
When income increases, the demand for type of goods will increase:
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Normal goods are those that see an increase in demand when consumer incomes rise, which applies to most goods in the economy.
Updated On: Mar 31, 2026
- Inferior
- Giffen
- Normal
- Homogeneous Necessities
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The Correct Option is C
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