If a Good Is a Normal Good, an Increase in Income

question 94

Multiple Choice

If a good is a normal good, an increase in income will

• A) decrease the quantity demanded of the good.
• B) increase the demand for the good.
• C) cause the demand curve for the good to shift to the left.
• D) cause a movement down along the demand curve.

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Definitions:

Records

Documents or files that preserve information or evidence of events, transactions, or processes.

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Structures in databases or spreadsheets that organize data into rows and columns for easy reference and manipulation.

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Data Warehouse

A large-scale collection of data that contains and organizes in one place all the data from an organization’s multiple databases.