normal good
normal good noun: 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.
Noun
normal good (plural normal goods)
- 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.
Antonyms of normal good
Forms of normal good
| plural | normal goods |
|---|
Questions about normal good
- What does normal good mean?
- Normal good means 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.
- What part of speech is normal good?
- Normal good is a noun.
- What is the plural of normal good?
- The plural of normal good is normal goods.
Words near normal good in the dictionary
Source and license
Adapted from Wiktionary: normal good (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “normal good.” Word.ws, https://word.ws/normal_good. Based on Wiktionary, CC BY-SA 4.0.
