Economics A-Level
Normal necessities
What Normal necessities means in Economics A-Level, as defined for AQA.
Definition of Normal necessities
Check what you remember
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Reference: AQA
Normal goods with a YED between 0 and 1, where demand is income inelastic.
Topics that use Normal necessities
- 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 necessities in the exam
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