For a ____, If Incomes Rise and Prices Do Not

question 5

Multiple Choice

For a ____, if incomes rise and prices do not change, quantity demanded will increase.

• A)normal good
• B)inferior good
• C)Giffen good
• D)substitute good

---

Definitions:

Customer Manages

In a business context, it refers to situations where customers have control over certain decisions or aspects of service provision.

IaaS

Infrastructure as a Service, a cloud computing model that provides virtualized computing resources over the internet.

Private Clouds

Cloud computing resources used exclusively by one business or organization, providing more control and privacy than public clouds.

Intranet

A private network accessible only by an organization's staff, often used to securely share information within the company.