A Normal Good Is One

question 313

Multiple Choice

A normal good is one

• A) whose amount demanded will increase as its price decreases.
• B) whose amount demanded will increase as its price increases.
• C) whose demand curve will shift leftward as incomes rise.
• D) for which its consumption varies directly with income.

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Definitions:

Arithmetic Operator

Symbols used in mathematics and programming to denote operations like addition, subtraction, multiplication, and division.

Range Finder

A device or tool used to measure the distance from the observer to a target, commonly used in photography, golf, and surveying.

Cell References

Indicators that point to specific cells in a spreadsheet, used for calculations or to display their contents.

Formula

A mathematical or logical expression entered into a spreadsheet or software that performs calculations based on specified inputs or data.