If the Demand for a Good Increases Because Consumer Income

question 406

Multiple Choice

If the demand for a good increases because consumer income increases, the good is a(n) :

• A) inferior good.
• B) normal good.
• C) necessity good.
• D) luxury good.

Grasp the fundamentals of bond agreements and the implications of changes in interest rates on bond investments.

Understand the principles of JIT and their application for competitive advantage.

Recognize the concepts and terminologies associated with JIT systems.

Identify methods of employee empowerment within JIT frameworks.

---

Definitions:

Punishable

Describes an action or behavior subject to penalties or legal sanctions.

Second-degree Felony

A category of offense that is less severe than a first-degree felony but more severe than a third-degree felony, often involving significant harm or risk but with factors that mitigate the offender's culpability.

Imprisonment

The act of confining someone in a prison as a punishment for crimes they have been convicted of.

Punishable

Describing an action or offense that can be penalized by law, typically through fines, imprisonment, or other legal sanctions.