If Incomes Decrease and Electricity Is a Normal Good,then

question 6

Multiple Choice

If incomes decrease and electricity is a normal good,then

• A) the demand for electricity increases.
• B) the demand for electricity decreases.
• C) the quantity demanded for electricity decreases.
• D) the quantity demanded for electricity increases.

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Definitions:

Normal Wage

The standard or average amount of pay that workers receive for their labor in a specific job or industry.

Petty Cash Fund

Cash kept on hand in the office for small purchases.

Office Furniture

Items of furniture designed for use in a workplace environment, including desks, chairs, and file cabinets.

Medications

Substances used to treat or prevent diseases and conditions.