A(n)_______________ Good Is One in Which as Income Rises or Falls,there

question 143

Multiple Choice

A(n) _______________ good is one in which as income rises or falls,there is no change in the demand for the good.

• A) normal
• B) inferior
• C) neutral
• D) substitute
• E) complementary

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Definitions:

Elements

Basic or essential components, substances, or constituents of a complex form.

Interest

The cost of using money over a period, expressed as a percentage rate.

Study

An organized investigation or analysis aimed at discovering new knowledge or understanding existing knowledge in a systematic way.

Observational Studies

Research methods in which subjects are observed in their natural setting without any manipulation by the researcher.