A Normal Good Is

question 197

Multiple Choice

A normal good is

• A)any good that consumers normally buy.
• B)any good for which other goods can substitute.
• C)a good for which the demand rises as income falls.
• D)a good for which the demand rises as income rises.
• E)a good for which the quantity demanded rises as its price falls.

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Definitions:

Servant Leadership

A leadership philosophy that emphasizes the importance of leading by example and putting the needs of others first to foster their development.

Followers Needs

The requirements or expectations that followers have from their leaders, which can include direction, support, recognition, and empowerment.

Spirituality

The quality of being concerned with the human spirit or soul as opposed to material or physical things.

Role Model

An individual whose behavior, example, or success is or can be emulated by others, especially by younger people or those in subordinated positions.