For Most Goods, Purchases Tend to Rise with Increases in Buyers

question 161

Multiple Choice

For most goods, purchases tend to rise with increases in buyers' incomes and to fall with decreases in buyers' incomes.Such goods are known as:

• A) inferior goods.
• B) direct goods.
• C) normal goods.
• D) luxury goods.

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Definitions:

Brachiocephalic Trunk

A major blood vessel that arises from the aortic arch and supplies blood to the right arm and the head and neck.

Subclavian Artery

A pair of major arteries located bilaterally, beneath the clavicle, responsible for supplying blood to the upper limbs, neck, and brain.

Axillary Artery

A major blood vessel that carries oxygen-rich blood to the armpit area, upper limbs, and some chest regions.

Splenic Artery

The blood vessel that supplies oxygenated blood to the spleen, branching from the abdominal aorta.