A Good Is Said to Be "Normal" If

question 115

Multiple Choice

A good is said to be "normal" if

• A) it is of high quality.
• B) consumers buy more of it at a high price.
• C) it has few substitutes.
• D) it has a positive income elasticity of demand.

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Definitions:

Nerves

Bundles of fibers that transmit impulses of sensation to the brain or spinal cord, and from the brain or spinal cord to the muscles and organs.

Held Together

A phrase indicating how parts are united or combined to form a whole.

Organelle

A specialized subunit within a cell that has a specific function, such as mitochondria, ribosomes, or the nucleus.

Ribosome

A cell organelle composed of RNA and protein, responsible for synthesizing proteins by translating messenger RNA.