Economics A-Level
Normal luxuries
What Normal luxuries means in Economics A-Level, as defined for AQA.
Definition of Normal luxuries
Check what you remember
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Reference: AQA
Normal goods with a YED greater than 1, where demand is income elastic.
Topics that use Normal luxuries
- 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 luxuries in the exam
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