A Normal Good Is One

question 329

Multiple Choice

A normal good is one

• A) with a downward sloping demand curve.
• B) for which demand increases when the price of a substitute rises.
• C) for which demand increases when income increases.
• D) none of the above

---

Definitions:

Short To Medium

Typically refers to a range of lengths or durations that are neither very short nor very long, often context-dependent.

Mobile Device

A portable computing device such as a smartphone or tablet.

Headings

Titles or labels used in written material to introduce sections and organize content.

Related Paragraphs

Sections of text that are connected by a common theme, topic, or argument, contributing to the overall coherence of a document.