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.

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Definitions:

Child Abuse

The physical, sexual, emotional mistreatment, or neglect of a child.

Role Models

Individuals admired for their qualities or achievements and regarded as an example to be imitated.

Hopelessness

A state of despair characterized by a lack of optimism, motivation, or expectation that situations will improve.

Funding Cuts

Reductions in financial support or resources allocated, often affecting programs, projects, or institutions.