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For ____ goods, increase in income leads to increase in demand.

Asked on by | Votes 0 | Views: 36 | Tags: general knowledge     | commerce     | economics     | Add Bounty

For ____ goods, increase in income leads to increase in demand.

A).  Abnormal

B).  Normal

C).  Inferior

D).  Superior


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Answered by on | Votes 0 |

 Normal



For normal goods, increase in income leads to increase in demand. Rising incomes lead to a rise in the number of goods demanded by consumers.

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