Editing Normal good (section)

== Examples ==
{| class="wikitable"
|+Examples of normal vs. inferior goods
!<u>Category</u>
!Normal good
!Inferior good
|-
!'''Food and drink'''
|
* Fine dining<ref name=":1">{{Cite news|url=https://www.investopedia.com/terms/n/normal-good.asp|title=Normal Good|author=Investopedia Staff|date=2007-06-21|work=Investopedia|access-date=2018-03-06|language=en-US}}</ref>
* Beer{{Citation needed|date=November 2018}}
* Wine{{Citation needed|date=November 2018}}
* Water<ref name=":0" />
|
* Rice{{Citation needed|date=November 2018}}
* Instant noodles<ref name=":2">{{Cite web|url=http://www.investinganswers.com/dictionary/inferior-good|title=Inferior Good – Full Explanation & Example {{!}} InvestingAnswers|website=www.investinganswers.com|language=en|access-date=2018-03-06}}</ref>
* Super market own brand coffee<ref name=":3">{{Cite web|last=Pettinger|first=Tejvan|title=Different types of goods - Inferior, Normal, Luxury|url=https://www.economicshelp.org/blog/790/economics/different-types-of-goods-inferior-normal-luxury/|access-date=2020-11-01|website=Economics Help|language=en-GB}}</ref>
|-
!'''Transportation'''
|
* Sports cars<ref name=":3" />
* Luxury cars<ref name=":3" />
|
* Low-end used cars{{Citation needed|date=November 2018}}
* Intercity bus service
* Bus travel<ref name=":3" />
|-
!'''Other'''
|
* Clothing<ref name=":4">{{Cite web|title=Normal Goods - Definition, Graphical Representation and Examples|url=https://corporatefinanceinstitute.com/resources/knowledge/economics/normal-goods/|access-date=2020-11-01|website=Corporate Finance Institute|language=en-US}}</ref>
* Household appliances{{Citation needed|date=November 2018}}
* Consumer durables{{Citation needed|date=November 2018}}
* Gym memberships<ref name=":1" />
* Vacations<ref name=":0" />
* Jewelry{{Citation needed|date=November 2018}}
* Ordinary broadband <ref name=":3"/>
* electronics <ref name=":4" />
|
* Discount store goods (e.g. Walmart)<ref>{{Cite news|url=https://www.economist.com/blogs/freeexchange/2008/05/today_in_classism|title=Today in classism|newspaper=The Economist|language=en|access-date=2018-03-06|date=2008-05-27}}</ref>
* Pirated goods{{Citation needed|date=November 2018}}


* Cigarettes<ref name=":1" />
|}
A caveat to the table above is that not all goods are strictly normal or inferior across all income levels. For example, average used cars could have a positive income elasticity of demand at low income levels – extra income could be funnelled into replacing public transportation with self-commuting. However, the income elasticity of demand of average used cars could turn negative at higher income levels, where the consumer may elect to purchase new and/or luxury cars instead.

Another potential caveat is brought up by "The Notion of Inferior Good in the Public Economy" by Professor Jurion of [[University of Liège]] (published 1978). [[Public good (economics)|Public good]]s such as online news are often considered inferior goods.<ref>{{Cite journal|last=Chyi|first=Hsiang Iris|date=Autumn 2009|title=Is Online News an Inferior Good? Examining the Economic Nature of Online News among Users|journal=Journalism and Mass Communication Quarterly|volume=86|issue=3|pages=592–612|doi=10.1177/107769900908600309|s2cid=145068946 }}</ref> However, the conventional distinction between inferior and normal goods may be blurry for public goods. (At least, for goods that are non-[[Rival good|rival]] enough that they are conventionally understood as "public goods.") Consumption of many public goods will decrease when a rational consumer's income rises, due to replacement by private goods, e.g. building a private garden to replace use of public parks. But when effective congestion costs to a consumer rises with the consumer's income, even a normal good with a low income elasticity of demand (independent of the congestion costs associated with the non-[[Excludable good|excludable]] nature of the good) will exhibit the same effect. This makes it difficult to distinguish inferior public goods from normal ones.<ref>{{Cite journal|last=Jurion|first=B.J.|date=January 3, 1978|title=The Notion of Inferior Good in Public Economy|journal=Annals of Public and Cooperative Economics|volume=49|pages=79–101|doi=10.1111/j.1467-8292.1978.tb01763.x}}</ref>
{{income_elasticity_of_demand_graph.svg}}