Beef Is a Normal Good

question 150

Multiple Choice

Beef is a normal good. You observe that both the equilibrium price and quantity of beef have fallen over time. Which of the following explanations would be most consistent with this observation?

• A)Consumers have experienced an increase in income, and beef-production technology has improved.
• B)The price of chicken has risen, and the price of steak sauce has fallen.
• C)New medical evidence has been released that indicates a negative correlation between a person's beef consumption and life expectancy.
• D)The demand curve for beef must be positively sloped.

---

Definitions:

Diencephalon

The diencephalon is a region of the brain that includes structures such as the thalamus and hypothalamus, involved in sensory and autonomic functions.

Hypothalamus

A region of the brain responsible for hormone production and regulation of vital bodily functions, including temperature, hunger, and thirst.

Thalamus

In vertebrates, the portion of the diencephalon that passes on selected sensory information to the cerebrum.

Cerebrospinal Fluid

A clear, colorless body fluid found in the brain and spinal cord, playing a critical role in protecting these structures and maintaining their environment.