The Quantity Demanded of Good a Rises as Income Rises

question 101

Multiple Choice

The quantity demanded of good A rises as income rises. It follows that income elasticity of demand is __________than 0, and good A is a(n) __________ good.

• A)greater; inferior
• B)greater; normal
• C)greater; substitute
• D)greater; complementary
• E)less; normal

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Definitions:

Ecstasy

A state of intense joy and happiness, or a drug known for inducing feelings of euphoria.

Stored Serotonin

Serotonin that is accumulated and kept within the synaptic vesicles of neuron cells in the central nervous system, playing a crucial role in mood regulation.

Serotonin-Producing Neurons

Neurons responsible for the production and release of serotonin, a neurotransmitter that plays a key role in regulating mood, appetite, sleep, and cognitive functions.

Ecstasy

An overwhelming feeling of intense happiness, joy, or delight.