A normal good is a ... Question 19 options: a) If the percentage increase in the quantity consumed is greater than the associated percentage increase in income. b) A good for which income elasticity is positive but less than one. This means that if income increases by a given percentage, the quantity of the good consumed increases, but at a lower percentage than associated with the income increase. c) If the percentage increase in the quantity consumed is less than the associated percentage increase in income.
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