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Normal goods still abide to what's called the law of demand, which might feel like common sense: as the price of something goes up, the quantity of or frequency with which it is demanded will fall.

Normal goods still abide to what's called the law of demand, which might feel like common sense: as the price of something ...

And they do so for very different reasons. Meet Veblen and Giffen goods, the products that“break the rules”. Normal goods can be further divided into two types: necessity goods and luxury goods.

When the price of most types of products goes up, demand for them tightens. Except for a couple of special cases.