Examlex
The statement, __________, is not true.
Increase in Demand
A situation where there is a rise in the quantity of a product or service that consumers are willing and able to purchase at existing prices.
Inferior Good
A type of good whose demand decreases as the income of the consumer increases, opposite to what happens with normal goods.
Normal Good
A type of good for which demand increases as the income of the consumer increases.
Normal Good
A good whose demand increases as consumers' income rises, holding all other factors constant.
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