Which Statement Is TRUE

question 167

Multiple Choice

Which statement is TRUE?

• A)Leisure is usually a normal good.
• B)Leisure is usually an inferior good.
• C)All other things unchanged,an increase in income will decrease the demand for leisure.
• D)The demand for leisure is perfectly inelastic.

---

Definitions:

Re-Credit

The process of restoring a previously deducted amount back into an account or credit rating.

Dishonored

describes a financial instrument, such as a check or a bill, that has been refused payment by the bank or person it was presented to.

Insufficient Funds

A situation where an account does not have enough money to cover checks or other withdrawals made against it.

Civil Suit

A legal action between private parties (as opposed to criminal proceedings), often involving demands for compensation for harm or enforcement of rights.