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normal good
English
Meaning
normal good
meaning
What does
normal good
mean?
normal good
noun
—
(
economics
)
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
.
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