If a Consumer's Purchases of a Product Increases as Income

question 25

Multiple Choice

If a consumer's purchases of a product increases as income increases, this good is classified as a(n) :

• A) superior good.
• B) inferior good.
• C) substitute good.
• D) complementary good.
• E) normal good.

---

Definitions:

Combined ROI

A metric that aggregates the return on investment from multiple projects or business units into a single figure.

Investment Opportunity

A situation where funds can be placed in a venture with the expectation of earning a return on the investment.

Return on Investment (ROI)

Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment, calculated by dividing the profit of an investment by its cost.

Last Year's

Refers to the figures, statistics, or conditions from the previous calendar year.