The Difference Between Normal and Inferior Goods Is That

question 111

Multiple Choice

The difference between normal and inferior goods is that

• A) an increase in price will shift the demand curve for a normal good rightward and the demand curve for an inferior good leftward.
• B) if the price of a normal good increases, individuals who buy it are poorer; for inferior goods, the opposite is true.
• C) an inferior good is something that will not be demanded until quantities of the normal good have been exhausted.
• D) an increase in income will shift the demand curve for a normal good rightward and the demand curve for an inferior good leftward.

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Definitions:

Genius

Exceptional intellectual or creative power or other natural ability, often resulting in remarkable achievements or discoveries.

Intrinsically Real

Pertaining to the inherent or essential nature of something, being genuine and not dependent on external factors or perceptions.

Deviant Behavior

Actions or behaviors that violate societal norms or expectations, often eliciting disapproval or sanctions.

Conforming Behavior

Actions that align with societal norms, rules, or expectations, often to gain acceptance or approval from a group.