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.

Opposite
inferior good
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Meanings

nounnormal good (plural normal goods)

plural normal goods

  1. economicsa 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.

Synonyms & antonyms

Opposite
inferior good
Cite this entry
APA

normal good. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/normal%20good

MLA

“normal good.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/normal%20good. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “normal good,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/normal%20good.

Source: normal good on Wiktionary, CC BY-SA 4.0.