ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Restaurant meals can be considered among normal goods. This is because as the income of a person increases, he/she eats more in the restaurant. Branded clothing is also another example of normal goods because as the income of a person increases, people tend to buy more branded clothing.

Detailed explanation-2: -Normal goods are products such as food, clothing, and household appliances.

Detailed explanation-3: -Normal goods include most items and services that are sold. They have an income elasticity of demand greater than zero. We further subdivide normal goods into two categories; normal necessity goods that have an income elasticity between 0 and 1, and luxury goods, which have an income elasticity greater than 1.

Detailed explanation-4: -Normal goods can include products such as name-brand products and personal vehicles, while inferior goods may include canned foods and public transit options.