Normal Goods Explained - A Level and IB Economics

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In Economics, you will often hear the term “normal goods” – this short revision video explains what they are!

#aqaeconomics #ibeconomics #edexceleconomics
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0:20 normal goods have a POSITIVE coefficient of price elasticity of demand

jhy
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How come in GCSE, the PED is taken as an absolute value rather than usually being given as a negative? As a person who's good at maths, I'd be much less confused if in GCSE, we expressed the PED of most goods as negative.

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