Answer to Question #233695 in Economics for bob

Question #233695
When an individual’s income rises, ceteris paribus, his/her demand for a loaf of
bread, a normal good:
1
Expert's answer
2021-09-06T07:06:43-0400

When a person's income rises, all other things being equal, his / her need for a loaf


bread is a normal commodity: increases, but on condition that he / she considers bread to be a normal commodity. If he / she considers bread to be a neutral commodity, then the demand will not change.


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