Which Point on the Energy Diagram Represents the Intermediate

question 45

Multiple Choice

Which point on the energy diagram represents the intermediate?

• A) I
• B) II
• C) III
• D) IV

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Definitions:

Normal Goods

Goods for which demand increases as the income of the buyer increases, and vice versa.

Income Increase

A rise in the amount of money received, especially on a regular basis, through work or investments.

Substitute

A product or service that can be used in place of another to satisfy the same want or need.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at that price.