Which Statement Is TRUE of a Normal Good

question 65

Multiple Choice

Which statement is TRUE of a normal good?

• A)When income increases,the demand for the good remains unchanged.
• B)When income increases,the demand for the good decreases.
• C)When income increases,the demand for the good increases.
• D)Income and the demand are unrelated.

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Definitions:

Sensory Store

The initial process of storing sensory information after it is received, lasting for a very brief period.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

Selectively

The act of choosing specific items or data while ignoring others based on certain criteria.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.