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1 vote
Who determines whether a good is normal or inferior?

a-individual.
b-sellers
C-government
tions
d-all the above.

User Evg
by
6.6k points

1 Answer

7 votes

Answer:

A.

Step-by-step explanation:

Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.

Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.

User Gowtham Raj J
by
6.5k points