Final answer:
A normal good, also known as a superior good, is a type of good in which the quantity demanded rises as income rises, and in which quantity demanded falls as income falls. Normal goods are typically associated with goods and services that are considered to be of higher quality or luxury items.
Step-by-step explanation:
A normal good, also known as a superior good, is a type of good in which the quantity demanded rises as income rises, and in which quantity demanded falls as income falls. In other words, as a person's income increases, they are more likely to purchase more of a normal good, and as their income decreases, they are less likely to purchase as much of the good.
For example, if someone's income increases, they may choose to eat out at restaurants more frequently. Conversely, if their income decreases, they may choose to eat at home more often.
Normal goods are typically associated with goods and services that are considered to be of higher quality or luxury items, such as vacations, designer clothing, or high-end electronics.