A Normal Good Is a Good for Which Demand Increases

question 236

Multiple Choice

A normal good is a good for which demand increases as:

• A) the income of consumers increases.
• B) its own price increases.
• C) the price of close substitutes decreases.
• D) the total number of consumers increases.
• E) a reflection of changing consumer tastes.

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Definitions:

Infrared

A type of electromagnetic radiation with wavelengths longer than visible light but shorter than microwaves, used in devices like remote controls and thermal imaging cameras.

Twisted-pair

A type of cabling that consists of pairs of insulated wires twisted together, commonly used for telecommunication and network connections.

Cable Medium

A type of physical transmission medium that uses cables, such as coaxial or fiber optic, to transmit data.

Coaxial Cable

A type of electrical cable consisting of a central conductor surrounded by an insulating layer and an outer conducting shield, used for transmitting television, telephone, and internet signals.