If Tobacco Is a Normal, Income Inelastic Good, It Follows

question 23

Multiple Choice

If tobacco is a normal, income inelastic good, it follows that a 10 percent decrease in income will __________ quantity demanded by __________ than 10 percent.

• A)increase; less
• B)increase; more
• C)decrease; less
• D)decrease; more

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Definitions:

Extrinsic Motivation

A form of motivation driven by external rewards such as money, fame, grades, and praise, which encourages individuals to perform tasks.

Extrinsic Motivation

Motivation driven by external rewards, such as money, fame, grades, or praise.

Mundane Tasks

Routine, everyday activities that can be tedious but are necessary for the smooth operation of daily life or work.

Extrinsic Qualities

Characteristics or attributes that are not inherent or essential but are imposed from the outside or by external factors.