Economics B A-Level
Normal good
What Normal good means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Normal good
Check what you remember
Read the wording for your board, then hide it and explain Normal good in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A good with a positive YED, where demand rises as income increases.
Topics that use Normal good
- Income elasticity of demand (YED) (Pearson Edexcel A-Level)
Related terms
- Economic cycle
- Income elasticity of demand (YED)
- Inferior good
- Percentage change
- Product portfolio management
- Luxury good
- Normal luxury good
- Strategic planning
Using Normal good in the exam
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