If an Increase in Income Leads to a Decrease in the Demand

question 64

Multiple Choice

If an increase in income leads to a decrease in the demand for a good, then the good is said to be:

• A) normal.
• B) a luxury.
• C) inferior.
• D) a staple or necessity.

---

Definitions:

Developmental Theories

A set of principles and propositions that describe and explain the changes that occur in human beings over the course of their lives.

Role Expectations

Societal norms or standards that dictate how individuals should behave in their specific social positions or roles.

Life Cycle

A series of stages through which an organism passes, from birth through maturity, reproduction, and eventually death.

Feminist Scholars

Academics who study, explore, and discuss gender inequalities and advocate for the rights and empowerment of women through a feminist lens.