if the quantity demanded of sunglasses decreases by 2% when average incomes fall by 10%, then we know that sunglasses are

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07-09-2022
Business

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if the quantity demanded of sunglasses decreases by 2% when average incomes fall by 10%, then we know that sunglasses are

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Ogorwyneidn Ogorwyneidn · Answer 1 · 2022-09-16T07:08:39-04:00

if the quantity demanded of sunglasses decreases by 2% when average incomes fall by 10%, then we know that sunglasses are a normal good.

What is a normal good?

This is a good that we can say that the demand for its use would rise based on the fact that there is a rise in the income of the person that is consuming the good. That is the person would be able to get more of that good.

The decrease in income that is experienced by the people has caused them to buy less of sunglasses, in reverse when income increases, they would start to buy more again.

Read more on normal good here: https://brainly.com/question/15069740

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What is a normal good?

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