Normal goods can be any goods that increase in demand when income increases and fall when price stays consistent but income falls. Examples of normal goods includes branded fashions, cars, and high-technology products like computers.
They are inferior goods
The main examples of unsought goods arelife insurancea gravestone. tas
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
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inferior
non durable goods
coffee
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Characteristics of normal goods
The price, how informed the person is and the quality of the goods are the factors that determines whether a person will buy inferior or normal goods.
Goods that consumers demand more of when their incomes increase
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