Economics A-Level
Normal good
What Normal good means in Economics A-Level, as defined for AQA.
Definition of Normal good
Check what you remember
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Reference: AQA
A good with a positive income elasticity of demand, meaning demand rises as income increases.
Topics that use Normal good
- Price, income and cross elasticities of demand (AQA A-Level)
Related terms
- Cross Elasticity of Demand (XED)
- Income Elasticity of Demand (YED)
- Price Elasticity of Demand (PED)
- Revenue maximisation
- Business decision-making
- Complementary goods
- Consumer expenditure
- Cross elasticity of demand
Using Normal good in the exam
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