Question
A normal good is: A. a good which is normally purchased by many consumers. B. a good which is only purchased by high-income consumers. C.
A normal good is:
A. a good which is normally purchased by many consumers.
B. a good which is only purchased by high-income consumers.
C. a good for which higher income causes an increase in demand.
D. a good for which higher income causes a decrease in demand.
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Strategic Management Competitiveness and Globalization, Concepts and Cases
Authors: Michael A.Hitt, R.Duane Ireland, Robert E.Hoskisson
11th edition
978-1285425177, 1285425170, 978-1305200333, 978-1285425184
