normal goods

A form of normal good — 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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Meanings

noun
  1. pluralplural of normal good
Cite this entry
APA

normal goods. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/normal%20goods

MLA

“normal goods.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/normal%20goods. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “normal goods,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/normal%20goods.

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