A Normal Good Has a ________ Income Elasticity of Demand

question 2

Multiple Choice

A normal good has a ________ income elasticity of demand and quantity demanded ________ as income rises.

• A)negative; increases
• B)negative; decreases
• C)positive; increases
• D)positive; decreases

---

Definitions:

Oxidation Number

An indicator of how much an atom in a substance has been oxidized, shown by the quantity of electrons it has either gained or lost.

Reaction

A reaction involves the transformation of one or more substances into different substances through the breaking and forming of chemical bonds.

Exothermic

An exothermic reaction is a chemical reaction that releases heat and energy to its surroundings.

Activation Energy

Activation energy is the minimum quantity of energy which the reacting species must possess in order to undergo a specified reaction.