SELECT * FROM question_mgmt as q WHERE id=10222 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=60 AND chapterId=609 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th micro-economics Theory of Consumer Behaviour what do you mean by a normal good

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What do you mean by a normal good?

Answer:

Those goods that share a positive relationship with income but a negative relationship with price are called normal goods. In other words, if the income of a consumer increases, then the demand for a normal good also increases. However, the demand will fall with the rise in the price of that good. That is, If the price of a good (Px ) increases, then the demand for the good (Dx) decreases. If a consumer’s income (M) increases, then the demand for good Dx increases.


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