A. inferior goods
B. complementary goods
C. substitutes
D. normal goods
Correct Answer: Option D
D. normal goods
Explanation
Normal goods are a type of goods whose demand shows a direct relationship with a consumer’s income. A normal good is one whose demand increases when people’s incomes or the economy rise.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…