Normal good flashcard sets

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normal good definitions
# Definition Sets
1a good that consumers demand more of when their incomes increase23 sets
2a good for which, other things equal, an increase in income leads to an increase in demand19 sets
3a good for which the demand increases as income rises and decreases as income falls.6 sets
4a good for which the demand rises as income rises and falls as income falls5 sets
5a good whose demand curve shifts rightward when the incomes of buyers increase5 sets
6a good the demand for which rises as income rises and falls as income falls4 sets
7income rises, demand for good rises3 sets
8a good for which the demand increases as income rises and decreases as income falls3 sets
9consumers demand more of when income increases2 sets
10a good that consumers demand more of when their income increases2 sets
11a good that consumes demand more of when their income increaes2 sets
12a good that consumers demand more of when their incomes increase.2 sets
13a good for which, other things equal, an increase in income leads to an increase in demand.2 sets
14a good, such as new clothes, for which demand increases, or shifts rightward, as consumer income rises2 sets
15when a rise in income increases the demand for a good2 sets
16if income falls, demand falls1 set
17demand increases as income increases1 set
18when a rise in income increases the demand for the good- the normal case1 set
19a good demanded more when income increases1 set
20income rises, demand for good rises.1 set
21a good whose demand is positively related to income (positive income elasticity of demand)1 set
22if an increase in income results in an increase in the demand for the good1 set
23a good whose demand curve shifts rightward when the incomes of buyers increase.1 set
24a good for at which demand rises as income rises1 set
25income falls, demand falls (ice cream)1 set
26consumption increases as income increases (positive result for income elasticity of demand)1 set
27a good that when income rises, you buy more of it and vice versa (starbucks, vacations, eating out)1 set
28good (or service) whose consumption rises when income increases and falls when income decreases1 set
29products whose demand varies directly with money income (also called superior goods)1 set
30a good that increases in demand with a rise in income of an individual1 set
31a good fro which a rise in income increases the demand for that good the "normal" case1 set
32as income increases one buys more1 set
33products whose demands vary directly with income1 set
34a good or service whose demand increases as consumer's income increases, assuming prices remain constant1 set
35good whose consumption increases with an increase in income.1 set
36good for which the demand rises as income rises and falls as income falls1 set
37a good which demand increases when the income increases and when demand decreases when income decreases1 set
38a good for which, other things equal an increase in income leads to an increase in demand1 set
39a good or service whose consumption increases when income increases and falls when income decreases, price remaining constant1 set
40a good whose demand increases or decreases when people's incomes increase or decrease1 set