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Which Statement Is True of a UGI

question 57

Multiple Choice

Which statement is true of a UGI?


Definitions:

Substitutes

Products or services that can replace or be used in place of one another.

Price

The amount of money expected, required, or given in payment for something.

Normal Good

A normal good is a type of good for which demand increases when income increases, and falls when income decreases, holding all other factors constant.

Income

Refers to the money received, especially on a regular basis, for work or through investments.

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