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Normal goods have

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Economics
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Normal goods have

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Correct Answer: Option A
Normal goods have Positive income elasticity. A positive income elasticity of demand is associated with normal goods; an increase in income will lead to a rise in demand. If income elasticity of demand of a commodity is less than 1, it is a necessity good. If the elasticity of demand is greater than 1, it is a luxury good or a superior good.
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